Not a day goes by without some intriguing development affecting the cryptocurrency industry. African nations are often relatively quiet on this front. Although Bitcoin can make a positive impact across that continent, not all governments want to give it a fair chance. That is unfortunate, but also completely to be expected.

Burundi Doesn’t Want Crypto

It is rather interesting to see how governments still oppose Bitcoin and similar currencies in 2019. While crypto doesn’t have the best reputation by any means, completely banning the trading of it will only have an adverse effect. In Burundi, the government has officially banned all cryptocurrency trading this week, albeit it remains to be seen if that countermeasure will prove to be even remotely successful.

This decision comes after some people in the country lost money while trading the various cryptocurrencies. There is no word on which currencies they were, or if the people invested in fraudulent offerings. Even so, the public demand for governmental intervention, and their decision is to get rid of all trading indefinitely. Not a popular decision, but it was somewhat to be expected.

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