Thailand banking ban on crypto. The UK Bans the worlds largest Cryptocurrency Exchange that Deals with Bitcoins.
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Here Are 11 Countries Banned By Bithumb From Crypto Trading Read Here Https Www Cryptoground Com A 11 Countries Banned Bithumb Cr Reading Country Trading
Turkey bans crypto payments.
Which countries have banned cryptocurrency. When the current cryptocurrency bear run started we wrote an article on Why Cryptocurrency prices was falling. 107 rows Several countries across the Middle East have banned cryptocurrency. In Egypt the Dar al-Ifta who is the primary Islamic Legislator went so far as to label cryptocurrency Haram prohibiting it under Islamic law.
The United Arab Emirates exchanges and ICOs are prohibited but it is possible to get a license to trade crypto. Soon after this notice Nepals law enforcement arrested seven people for operating a cryptocurrency exchange. Jordan banking ban on crypto.
Uks ban on Binance exchange rattled the cryptocurrency market. The most notable disrupter is Japan which has passed a law accepting Bitcoin as legal tender. However this move wasnt a surprise as the country had been tightening.
Some of the reasons was because a major country banned the use and trade of cryptocurrency. Most recently the central bank of Turkey enacted a ban on cryptocurrency payments. Vietnam ban on using crypto for payments.
Nepal was also among the countries that imposed a ban on cryptocurrencies in 2017. Bitcoin made its debut as the first cryptocurrency in 2009 ushering in the new era of peer to peer digital currencies. In such states banks and other financial service providers are prohibited from dealing with cryptocurrency exchanges and companies and in more extreme cases the countries have even banned crypto exchanges etc China.
Several countries across the Middle East have banned cryptocurrency including Saudi Arabia Qatar Egypt Bahrain and Iraq. Some countries have become global advocates while others have actively banned cryptocurrencies completely with various shades in between.
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