Countries Where Bitcoin is Banned / Cryptocurrency is Declared Illegal
Last Updated August 25, 2019
For the sake of simplicity, the focus here is on countries where Bitcoins and cryptocurrencies are banned or declared illegal. More countries are becoming more crypto-friendly than ever before due to its rise in popularity. However, some are still playing hardball. Below is a list of countries that outright banned bitcoins and other cryptocurrencies from trading. We have to warn that no country, thus far, has accepted bitcoin as a substitute for their legal tender.
China, Russia, Vietnam, Bolivia, Columbia, Macedonia, Ecuador, Bangladesh, and Algeria.
MUST READ: Companies Accepting Bitcoin as Payment
Bitcoin turned 10 years old recently. No country has created a universal system-regulated Bitcoin as of yet. However, that can change at any moment.
We will try our best to keep this list up-to-date. We’re hoping to remove countries from the list as opposed to adding. However, in these environments, you never know.
Do you know of any countries where bitcoin is banned but not listed on this list? Please add them via the comment section below.