Top in the list is China. The country has decided to impose a ban regulation on cryptocurrency transactions and activities in general. Follow to China, Bangladesh, Pakistan and Nepal are the three countries that strictly prohibit cryptocurrency activities.

In the Americas including Bolivia, especially Ecuador, is seeking to create a government’s cryptocurrency that reduces it fiat dependence on the dollar. There are also a number of countries in Africa, including Algeria and Morocco. It is noteworthy that in Europe, Macedonia decided to arrest anyone using the cryptocurrency in here.

The reason for the banning of cryptocurrency related activities comes mainly from concerns about possible illegal activities in this market, as well as the ability of local authorities to manage risks, it’s also can be that the central bank does not want to break the monopoly currency is.

However, Blockchain, the backside cryptocurrency technology, will continue to thrive despite restrictions from some governments or from the global cryptocurrency market. China remains the pillar of the case, the People’s Bank of China (PBoC) is supporting the development of a blockbuster trading platform based on Blockchain to manage interbank payments.

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