In the past, many countries, such as Vietnam, India, and China, dealt with digital currencies with a certain degree of suspicion and extreme caution, with some governments going so far as to criminalize their use as a means of payment or even possession by individuals and companies. These policies were driven by concerns related to 📉 price volatility, 💣 financing illegal activities, and the weak ability to monitor financial flows outside traditional banking frameworks.

👮‍♂️ However, these countries were surprised, after years of prohibition, that a wide segment of their citizens had come to own digital assets such as Bitcoin, Ethereum, and others. In some cases, these countries ranked high in global cryptocurrency adoption rates despite the strict restrictions and laws imposed on them.