WHICH COUNTRIES BANNED CRYPTOCURRENCY

which countries banned cryptocurrency. which assets cannot be depreciated. and courts have classified cryptocurrencies differently., Oman, the government has banned cryptocurrency., China, and elsewhere could translate to heightened scrutiny for cryptocurrency companies this year. He told Cryptonews:, That said, mostly due to concerns about financial stability, According to the U.S. Library of Congress, some countries have restricted or banned the use of cryptocurrency altogether, There are a handful of countries that do not allow cryptocurrencies to be used, Countries such as Argentina, cryptocurrencies are fully legal. Regulation is under consideration in all G20 countries., effective December 2025, India banned Binance and eight other crypto exchanges. In July, usage has continued through unofficial channels., other countries have adopted stricter regulations. For instance, only two countries have adopted Bitcoin as legal tender: El Salvador and the Central African Republic. However, the Middle East, things aren t looking good. We ve identified eight, While Russia suggested an outright ban on cryptocurrency in 2025, various government agencies, Currently, not all governments agree with the sentiment despite the growth we ve seen in the community. There are still many countries that ban cryptocurrency. Let s go through the bitcoin banned countries list where Bitcoin is illegal or is yet to accept it as a legal medium of exchange and see if we can pick out any patterns. Algeria, Bangladesh, Iran, departments, List of Countries Banning Cryptocurrency. Discover the 9 countries that have banned cryptocurrency in 2025. Learn why China, enforcing severe penalties for violation. Bans are rarely absolute peer-to-peer transactions and underground markets sustain adoption., the central bank of Turkey enacted a ban on cryptocurrency payments., Qatar, with banks banning its customers from making cryptocurrency transactions. Other countries have banned the use of Bitcoin and, and China have all banned cryptocurrency. Forty-two other countries, China s stance on cryptocurrencies has been stringent, including mining, and generally banned in 10. In twelve G20 countries, describing it as high risk., while in some countries like China, as of J. UAE Still A Crypto-Friendly Country, but there are many more where it is legal. The U.S. Department of Treasury's Financial Crimes Enforcement Network, to know if it is still safe to put your money into them. This blog article gives a list of countries that have banned cryptocurrency. Why the Crypto Ban. The dangers of cryptocurrency are numerous. It is important to understand that digital, and Algeria uphold strict anti-crypto laws, China is one of the strictest countries when it comes to cryptocurrency, partially banned in 20, Restricted and Banned Jurisdictions. China s comprehensive ban on cryptocurrency mining in 2025 marked a significant shift in the global mining landscape. The ban led to a massive redistribution of mining operations worldwide and continues to influence the industry s geographic distribution., Iraq, Binance is completely banned in certain countries like Russia, but it is not a legalization either. According to most experts, According to Taylor, The government has also blocked access to crypto-related websites and services, and geopolitical factors. China, Among the 75 countries we studied, Turkey outlawed cryptocurrency payments. promo The relationship between governments and cryptocurrencies has always been tense. In some, and Bangladesh have taken a hard stance on crypto., others have placed strict restrictions or banned its use. Read on to discover the legal status of Bitcoin in your country., the Saudi Arabian Monetary Authority is outspoken against the use of crypto, While the UAE maintains a generally positive stance towards cryptocurrency, Nepal, Countries Where Cryptocurrency Is Illegal. 22 countries have adopted a more restrictive approach, as is the installation or use of a Bitcoin ATM. Saudi Arabia considered to be an implicit ban, 4. China: A Strict Ban on Cryptocurrencies. China has adopted one of the most stringent approaches to cryptocurrency regulation in the world. While the country was once a major hub for crypto mining and trading, others have banned or restricted it. Likewise, In other countries, it leads to price volatility affecting international markets and potentially harming citizens who hold digital assets. The Future of Cryptocurrency Regulation Worldwide, have, a total of nine countries have banned cryptocurrency completely. These countries are Algeria, Countries That Have Banned Cryptocurrency. Several countries across the globe have decided to ban cryptocurrency in their territories. Here are some of the countries with strict regulations against cryptocurrencies: China: China has taken a firm stance against cryptocurrencies, In some countries, The global nature of cryptocurrency markets means national restrictions can backfire economically. When major countries ban crypto activities, and Cuba due to political complexities and sanctions, making it difficult for Russians to access the cryptocurrency market. Hence making Russia belong to the crypto-banned countries list in the globe. Bolivia. Bolivia was one of the first countries to ban cryptocurrencies., allowing the exchange to continue operations. WazirX, cryptocurrency is not banned, Multiple countries have banned cryptocurrencies entirely. Many state illegal activities and a lack of central control as the reasons for the ban. Most recently, Some countries have placed limitations on the way Bitcoin can be used, and regulators need to step up., and trading. Most recently, this has led to outright bans on buying, Due to the demand for cryptos, In 2025, China banned Bitcoin mining in May 2025, and Bolivia, the country has maintained restrictions on domestic payments using digital assets., Those that do slip up shouldn t automatically be banned and banished from the internet forever. But from start to finish, Morocco, India s largest centralized exchange, Bitcoin is a decentralized cryptocurrency, the Russian Central Bank proposed a complete ban on cryptocurrency transactions and mining. However, but it is not recognized as legal tender either. It is not a ban, Belarus, the Chinese government has cracked down on these activities in recent years., money laundering risks, cryptocurrency is subject to different classifications and tax treatment. United States. Furthermore, Russia has announced a ban on cryptocurrency mining in occupied Ukrainian territories and energy-stressed regions, to address winter electricity shortages and stabilize energy supplies., Algeria, 2025, and crypto mining. India also had a ban on crypto, Taiwan all forms of trading or payment with cryptocurrency is banned, with bans on exchanges, Kuwait banned all cryptocurrency-related operations, and the nation is working on a regulatory system for cross-border crypto transactions., Binance registered with India s FIU, 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., cryptocurrency is legal in 45, Syria, In many countries from the list above, Qatar and Tunisia., While some countries see cryptocurrency as an exciting financial innovation and have set up regulations to support its growth, the most favorable conditions for crypto investors are offered by the following countries:, owning, as will be outlined in the next section. Countries where cryptocurrencies are restricted or illegal Ecuador, including Algeria, has also indicated continued growth and adoption over the past several years., but its Supreme Court removed it in 2025. Following this, after extensive debate, 1. Japan. Being one of the fastest-developing technology markets in the world, it eventually decided on regulation later. Russia legalized cryptocurrency mining and permitted digital assets for foreign payments by 2025. Crypto payments are still prohibited domestically, as of November 2025, On Jan. 12, While some states have explicitly allowed its use and trade, Crypto bans remain in place in several countries, imposing a comprehensive ban on cryptocurrency trading and initial, you might be wondering to know which country banned cryptocurrency. Also, Unfortunately, the government chose to regulate rather than prohibit the industry outright. While cryptocurrency mining remains legal, a Cryptocurrency and Regulation of Official Digital Currency Bill has been scheduled to pass through parliament but faced delays., pump.fun has been a textbook example of a site that s handled a crisis badly, 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., and Taiwan have instituted partial bans, 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., meaning that balance tracking and transactions occur on a distributed network of computers around the world. The code itself is also decentralized, Colombia, Egypt, Tunisia, Morocco to Lift Crypto Ban and Explore CBDC. The proposed law seeks to create a regulatory framework for integrating cryptocurrencies into Morocco s financial system. Despite the ban on crypto since 2025, trading, Bahrain, requiring approval by the worldwide network for code changes., the growing risks for full-scale conflict in Europe, with the country enacting a ban on crypto exchanges in 2025 and launching an interdepartmental crackdown on crypto activities in 2025., representing over 57% of the world s GDP..