Information reaching the social media about the recent decision made by the government in Algeria in Africa to have completely ban the use of cryptocurrencies in the country, this includes mining, selling and buying or making my form of payment in cryptocurrency.
They believed that this decision made was as a result of being the use of cryptocurrency as a means to engage into illegal financial activities such as scam and other fraudulent attempts by the people, you can read further from the links below and drop your opinion on this ban.
https://x.com/Cointelegraph/status/1950458877285109900?t=NFjxfvgxxXGjoebmrrUq0g&s=19
They believed that this decision made was as a result of being the use of cryptocurrency as a means to engage into illegal financial activities such as scam and other fraudulent attempts by the people, you can read further from the links below and drop your opinion on this ban.
Quote
Algeria has criminalized all crypto-related activities, including mining and trading.
Offenders face prison sentences and heavy fines under the new law.
The legislation aims to protect the financial system and aligns with global anti-money laundering standards.
https://cryptonews.com/news/algeria-enacts-sweeping-ban-on-all-crypto-activities-under-new-law/
Offenders face prison sentences and heavy fines under the new law.
The legislation aims to protect the financial system and aligns with global anti-money laundering standards.
https://cryptonews.com/news/algeria-enacts-sweeping-ban-on-all-crypto-activities-under-new-law/
https://x.com/Cointelegraph/status/1950458877285109900?t=NFjxfvgxxXGjoebmrrUq0g&s=19