Bitcoin and other cryptocurrencies are polarizing phenomena. Economists and governments disagree on how to handle them. While countries such as Japan and Belarus want to take advantage of the new technology, other countries simply prefer to ban it. Today, we present you with an infographic of countries that have banned Bitcoin.
We want to start by explaining our methodology. Although many countries, organizations, and important individuals are strongly opposed to cryptocurrency, relatively few of them have decided to take specific legal steps. We’ve therefore chosen countries that have introduced specific legal sanctions for the use of Bitcoin and other crypto through legislation, central banks, or other official organizations.
Banning cryptocurrency is more difficult than just saying “it’s banned.” While Nepalese authorities have arrested a few individuals, there are relatively few reports of legal measures against ordinary citizens. Since Cryptocurrency is so new, governments are in the process of responding. Hardly anyone wants to take responsibility for problems caused by further prohibitions. Nevertheless, after the actions taken by regulators in several countries, that idyll may not last much longer.
more:
https://dowbit.com/infographics-countries-banned-bitcoin/
