Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: Countries that still don’t like bitcoin.
by
Davidvictorson
on 09/09/2025, 11:58:49 UTC
Quote from: kotajikikox on Today at 08:51:52 AM
These days, a country announcing that they will make bitcoin legal is not as rare anymore. We hear news of this almost every week. It might make us forget that not all countries like bitcoin. There are still those who don’t and have not changed their stance when it comes to bitcoin. I saw a list from investopedia.com of countries where bitcoin is illegal. These are the following countries:
  • China
  • Pakistan
  • Saudi Arabia
  • Tunisia
  • Bolivia

What took my attention however is Pakistan. Because I know that I had recently read a news about Pakistan and bitcoin and I was right.

Quote
Pakistan is moving ahead with plans to establish a national Bitcoin reserve as part of a broader digital asset strategy. Bilal Bin Saqib, head of the Pakistan Crypto Council, announced the move at the Bitcoin 2025 conference in Las Vegas.

He emphasised that the government’s intention is long term and not driven by market speculation. He stated that once acquired, the Bitcoin would never be sold.

The government plans to launch a national Bitcoin wallet and adopt blockchain technologies. The reserve’s size is unclear, but the move follows the US example and shows Pakistan’s growing trust in blockchain.

I guess the list is now outdated. It shows that a country can and will definitely change their stance on bitcoin. So is your country still against bitcoin?

I do not think that all countries who have not yet made Bitcoin a legal tender have actually any outright ban on it and its use because there may be some regions within the geographical landscape of such a country where the citizens use Bitcoin to transact discreetly without government knowledge.
There is a difference between a country banning the use of Bitcoin and not accepting it as a legal tender but still somehow allow citizens to use it.

In all my research, these are some countries in addition that have restrictions on the use of Bitcoin and they include; Algeria, Bangladesh, Bolivia, Egypt , Iraq, Morocco, Nepal.