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Cryptocurrency regulations vary significantly across different countries, with some nations imposing bans or restrictions. Hereâs an accurate summary of the cryptocurrency stance in the countries youâve mentioned:
Algeria: The use of all virtual currencies is deemed illegal.
Egypt: Cryptocurrencies are classified as âharam,â meaning they are prohibited under Islamic law.
Morocco: Engaging in transactions using virtual currencies is illegal.
Nigeria: The country has banned bank transactions in Bitcoin and other virtual currencies.
Tanzania: The Bank of Tanzania has issued advisories against the use of cryptocurrencies.
Namibia: Cryptocurrency exchanges are not permitted, and cryptocurrencies cannot be accepted as payment for goods and services.
Zimbabwe: The Reserve Bank of Zimbabwe has prohibited the use of cryptocurrencies in banking.
Costa Rica: Bitcoin and other cryptocurrencies are not recognized as legal currencies.
Bolivia: The Central Bank of Bolivia has banned the use of Bitcoin and any other non-regulated currencies.
Afghanistan: Trading in cryptocurrencies is banned.
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