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?
I think that if cryptocurrency popularity will grow with the same temper as it goes now, governments will have to either find out how to control crypto and take taxes from it or ban it. Because if there is no control on crypto and no possibility to take taxes economy as it exists now will be ruined.