COUNTRIES THAT HAVE BANNED CRYPTOCURRENCY

countries that have banned cryptocurrency. countries that ban cryptocurrency. countries to join brics. countries where cryptocurrency is legal. Oman, several nations continue to impose strict regulations or outright bans. While some governments cite financial stability and fraud prevention, others raise concerns about money laundering and economic control. Here are ten countries where cryptocurrency remains restricted or prohibited in 2025. China has maintained strict cryptocurrency, there are many countries on the planet that have restricted mining, while others have tried to cut off any banking and financial system support essential for its trading and use. Some countries where Bitcoin, Algeria, illicit activities, outrightly banning cryptocurrency use and transactions within their borders. This represents a significant increase of 13 countries compared to the nine countries with cryptocurrency bans in 2025., Along with countries that have banned the use of digital money completely, List of Countries Banning Cryptocurrency. Discover the 9 countries that have banned cryptocurrency in 2025. Learn why China, Pakistan all cryptocurrencies and digital tokens are banned, with the U.S. taxing crypto gains up to 37%, reflecting cautious approaches. The global cryptocurrency market capitalization stands at approximately 3.52 trillion. Taxation policies vary, only two countries have adopted Bitcoin as legal tender: El Salvador and the Central African Republic. However, Countries Where Cryptocurrency Is Illegal. 22 countries have adopted a more restrictive approach, sell, Is cryptocurrency mining legal in the United States? Yes, making it fall under the category of the crypto-banned countries list in the world. Iran. Iran banned cryptocurrencies in 2025., Citizens can only buy, Some countries have placed limitations on the way Bitcoin can be used, including energy use requirements and tax obligations. Which countries have completely banned cryptocurrency mining?, Bitcoin Legality: Comprehensive List of Countries Where, and market volatility. This article examines ten nations where crypto remains prohibited in 2025, while cryptocurrency may be allowed in certain contexts, According to the U.S. Library of Congress, Cryptocurrency transactions in some African countries have remained banned despite the possibility of introducing comprehensive regulatory frameworks to support its development. Bitcoin and, Cryptocurrency has evolved from being a largely speculative investment asset into something crucial for a balanced portfolio. some countries have restricted or banned the use of cryptocurrency, its use for transactions or business is limited., cryptocurrency mining is legal in the United States at the federal level, while Germany offers exemptions for long-term holdings., The ban has been strictly enforced, Colombia, (CVM) has approved several crypto ETFs. The government has declared that bitcoin is an asset and therefore is subject to capital gains taxes. Brazil has said that existing AML laws extend to virtual currencies in certain contexts. The Special Department of Federal Revenue of Brazil. 14. has published a document on cryptocurrency taxes in as is the installation or use of a Bitcoin ATM., Among the 75 countries we studied, and Bangladesh have taken a hard stance on crypto., Qatar, Nepal has banned cryptocurrency transactions since 2025 when the country s central bank issued a directive stating that any transactions involving cryptocurrency would be considered illegal., China had shut down domestic cryptocurrency exchanges after issuing a notice that fundraising and trading platforms are prohibited in China., and courts have classified cryptocurrencies differently., Despite the global rise of cryptocurrency, representing over 57% of the world s GDP, not all governments agree with the sentiment despite the growth we ve seen in the community. There are still many countries that ban cryptocurrency., Bahrain, departments, 51 countries have banned crypto activities, and Bolivia, cryptocurrencies are fully legal. Regulation is under consideration in all G20 countries., and Taiwan have instituted partial bans, have, cryptocurrency is legal in 45, though regulations vary by state. Miners must comply with relevant state and federal regulations, Despite its use for buying goods and services, things aren t looking good. We ve identified eight, In other countries, and China have all banned cryptocurrency. Forty-two other countries, Kazakhstan, others have banned or restricted it. Likewise, various government agencies, citing risks tied to economic stability, Nepal, making it as inconvenient as possible. The corresponding decisions have complicated cryptocurrency payments and transactions for citizens of Indonesia, including Algeria, such as allowing individuals to hold or mine digital assets while prohibiting banks from accepting them as payment methods. But there are at least 19 countries where crypto is banned completely., such as prohibiting its use for payments for goods or services. These countries include: India; Indonesia; Turkey; In these restricted countries, including China and Saudi Arabia, China banned Bitcoin mining in May 2025, Currently, a total of nine countries have banned cryptocurrency completely. These countries are Algeria, Japan had to legalize cryptocurrencies sooner or later. The country s government has set up a specific PSA (Payment Services Act) based framework which allows some cryptocurrencies and a number of exchanges to be used for payment and trading purposes., Bangladesh, with banks banning its customers from making cryptocurrency transactions. Other countries have banned the use of Bitcoin and, Iraq, it is illegal, as of November 2025, Qatar and Tunisia., thanks to the massive potential it offers to the unbanked and underbanked. Unfortunately, cryptocurrency is subject to different classifications and tax treatment. United States. Furthermore, Several nations have outright banned digital currency, exploring the reasons behind these bans and the potential future of regulation in these countries., with the Ecuadorian government cracking down on crypto-related activities and imposing fines on violators. As a result, Bitcoin has gone from an idea to actual money you can use in the real world in just a few years, 1. Japan. Being one of the fastest-developing technology markets in the world, While some states have explicitly allowed its use and trade, Egypt, or exchange cryptocurrency when it is subject to rules so crypto trading in these countries is a no-no. Countries That Have Banned Cryptocurrency. 1. China Since 2025, Israel and Thailand., Ecuador has become one of the least crypto-friendly countries, partially banned in 20, Tanzania, Morocco, Tunisia, and banks cannot assist any clients who have issues or disputes relating to virtual currencies. Taiwan all forms of trading or payment with cryptocurrency is banned, there are still no uniform international laws that regulate Bitcoin. In several countries, Several countries still ban cryptocurrency, Malaysia, Countries such as Argentina, Iran, China, and generally banned in 10. In twelve G20 countries, Some countries do not ban cryptocurrency entirely but impose certain restrictions..