Top 6 Bitcoin banned Country List

1.Algeria. Arguing that they are not backed by anything physical, Algeria has banned cryptocurrencies.

2.Bolivia. The Central Bank has prohibited the use of cryptocurrencies because of their unregulated nature.

3.Bangladesh. Citing possibilities for money laundering and being unauthorized by the Bangladesh bank, Bitcoin and other cryptocurrencies are illegal.

4.Dominican Republic. Citing that they are not legal tender, cryptocurrencies are illegal in the Dominican Republic.

5.Ghana. Although cryptocurrencies are regarded as illegal in Ghana, the Bank of Ghana sees blockchain's potential and are assessing how to fit it into their financial structure.

6.Nepal. Nepal's central bank has banned Bitcoin because it is not a legal currency.