As we know nowadays everybody uses cryptocurrenies and specially Bitcoin in their trades and criminals too. China recently declares blockchain illegal in that country, How likely do you think is that other countries ban it?
If they start to ban it, what would be happen to bitcoin price?
It is important that neither Bitcoin nor Blockchain technology is illegal in China. Especially the latter.
Most countries have embraced Bitcoin and are trying to regulate it. They believe the future is in Blockchain technology and many companies are starting to use it for various projects without issues.
Few countries, like Ecuador have banned all cryptocurrency but that doesn't stop anyone in such countries from using it.