BITCOIN IS ILLEGAL, IN THESE COUNTRIES:
$BTC Bitcoin's legality is a contentious issue globally due to concerns over its decentralized nature and potential for misuse in illegal activities.
Iraq: Strongly opposes cryptocurrency usage, with the Central Bank prohibiting their use since 2017
Algeria: Bans all aspects of Bitcoin #BTC since 2018 due to concerns over volatility and potential for misuse.
Bolivia: Completely banned Bitcoin #BTC since 2014, citing the need for control over currencies.
Colombia: Prohibits financial institutions from dealing with Bitcoin since 2014.
Egypt: Declared Bitcoin #BTC transactions "haram" in 2018, tightening banking laws to curb cryptocurrency usage.
Iran: Utilizes Bitcoin #BTC mining to bypass economic sanctions, despite restrictions on foreign-mined cryptocurrencies.
India: Plans to introduce a bill banning most cryptocurrencies while proposing a government- backed digital currency.
