While 2021 was a good year for the crypto industry in terms of market performance, the number of countries that banned the crypto industry and made serious restrictions has doubled since 2018.
US Library of Congress (LOC) by for the first time in 2018 published and regularly updatedCryptocurrency Regulations in the World” report to the crypto industry 9 countries with absolute ban while being of 42 countries with implicit bans revealed that it exists. For the first time in 2018 in the prepared report 8 countries implementing absolute bans and 15 countries implementing implicit bans existed.
in the LOC report absolute prohibition for, “It is a crime to transact and hold cryptocurrenciesWhile making the definition of ”, in the report implicit ban if for cryptocurrency exchanges, banks and other financial institutions “Prohibits trading in cryptocurrencies and offering cryptocurrencies” is the explanation.
Among 9 countries applying absolute ban Egypt, Iraq, Qatar, Oman, Morocco, Algeria, Tunisia, Bangladesh and China exists.
in the last 3 years While the increase in the number of countries banning and regulating cryptocurrencies has increased visibly, some governments are currently continuing their research on the subject.
2021 In 2017, the total number of people who enforced a crypto ban 51 countries well queue 2018 in the year anti-money laundering and counter-terrorism financing act (AML/CFT) in effect 33 if country to 103 rose.