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?
They might be protecting what they should protect. They fear that it might affect their economy something like that.
I live in a third world country and yet our government does not ban bitcoin. It is legal, though I did not heard or see any announcement about legalizing it here in our country. It is legal because if we will buy bitcoin we can do it on banks and remittance centers.