👀 JUST IN: 51/195 countries in the world banned crypto, 9 of them made an absolute ban.

As of 2024, 51 out of 195 countries have implemented some form of ban on cryptocurrency, with 9 countries enforcing absolute bans. The countries that have imposed absolute bans on all cryptocurrency activities include Algeria, Bangladesh, Bolivia, Dominican Republic, Ghana, Nepal, North Macedonia, Qatar, and Vanuatu.

These bans are typically driven by concerns over financial stability, consumer protection, and the potential use of cryptocurrencies for illegal activities such as money laundering and tax evasion. For instance, in Nepal, the government has taken strict measures, including blocking crypto-related websites and apps.

This regulatory landscape highlights the ongoing global debate about the role and risks of cryptocurrencies in modern economies.

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