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?
Using Zimbabwe as a case study as a third world country when their economy collapsed they resorted to bitcoin as their main source of foreign exchange.
https://bitcointalk.org/index.php?topic=2361281.0I believed most of these countries that has ban bitcoin will lift the ban when their economic policies is being reviewed again because bitcoin has really redefines monetary transfer from one country to another invariably opening up payment of services offered by individuals in those countries.