Unfortunately, many counties have banned and will be banning the use of crypto currency.
So far, these countries have banned crypto:
Vietnam
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
These countries however do not have a major influence on crypto as they are third world countries and most investors/influences come from the West/China.
Do you guys think as it becomes more of a reality that crypto is the future of currencies, more countries will ban the use due to fear of losing control? Do you think as it becomes the normal form of currency, these countries will lift the ban?
What do you think?
Not all countries that banned cryptocurrencies are all from third world countries, they all have different reason why they did it but the main reason is cryptocurrencies undermine most monetary policies of governments and they cannot control it however time will come that they will lift the ban when they find a way to regulate it. I still believe that cryptocurrencies are the future of currencies that will replace fiat currency but it will not be Bitcoin as long as core developers does not fix the scaling problem it will still remain as currency for investment.