💥💥💥Prohibited Cryptocurrencies: See the Countries that Banned the Use of Digital Assets💥💥💥
July 21, 2025 – The advancement of cryptocurrencies around the world continues to generate diverse reactions from governments. While some countries adopt and regulate the use of digital assets, others maintain strict stances or even completely ban cryptocurrencies.
Currently, 10 countries maintain a total ban, including China, Egypt, Nepal, and Morocco. In these territories, the use, possession, mining, or trading of digital currencies such as Bitcoin and Ethereum are considered illegal and subject to sanctions.
China, for example, has completely banned trading and mining of crypto assets since 2021, despite continuing to invest heavily in its state digital currency (the digital yuan).
Other countries, such as India, Russia, and Indonesia, have adopted severe restrictions, limiting the use of cryptocurrencies to investment assets and prohibiting their use as a form of payment. In Nigeria, although popular use continues to grow, the government has blocked banking channels for transactions with crypto assets.
These measures reflect concerns about money laundering, tax evasion, and financial instability, although there are also criticisms regarding the loss of economic freedom for citizens.
Meanwhile, on the other end of the spectrum, countries like El Salvador, Switzerland, and the United Arab Emirates continue to bet on clear regulations and integration with the traditional financial system.
🚫🚨In these countries, it is illegal to possess, trade, mine, or use cryptocurrencies:
1. Afghanistan
2. Algeria
3. Bangladesh
4. Bolivia
5. China (total ban on trading and mining, but state blockchain is encouraged)
6. Egypt
7. Morocco
8. Nepal
9. Tunisia
10. Iraq
