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6 Countries.Where Crypto is Banned in Any Shape of Form.

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SHARAFAT
@shharafat
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Few days ago I have posted a article "Most crypto friendly countries." Today i want to share where is crypto declared illegal or banned by government law.We can divided it by some categories.

[Image source](https://paneraisistemi.com/are-there-countries-where-bitcoin-is-banned/)

1.Crypto friendly countries. 2.Crypto is illegal or banned. 3.Where is no law about crypto.

Today my topics is which country is very stricted about crypto by recent law.We crypto lover wants to get legality of some powerful countries like usa,china,russia,uk,india etc.All of them now against crypto.I believe crypto is the digital asset of future.Today or tomorrow crypto will grab the place.Bitcoin already passed 10 years.Still now bitcoin struggling to get adoption of big government.

There are so many countries where crypto is banned any shape of form.But today i want to mention only 6.

Algeria

[Image source](https://www.alamy.com/flag-of-algeria-is-shown-against-the-background-of-crypto-currency-bitcoin-global-world-crypto-currency-bitcoin-shows-the-current-exchange-rate-flu-image238686749.html)

Sell,buy.product purchase by crypto,holding is totally prohibited in Algeria by the law of Government.Violation of rules is punishable.

Bahrain

[Image source](https://bitcoinexchangeguide.com/central-bank-of-bahrain-issues-new-crypto-asset-legal-license-framework/)

Central Bank governer Al Maraz declared bitcoin is elligal in bahrain in perlament session.He mentioned bitcoin as a unrecognized currency.But he said Citizens of Bahrain can invest bitcoin in outside of Bahrain.

Egypt

[Image source](https://cointelegraph.com/news/egypt-lays-out-path-for-a-crypto-future-with-draft-law)

The central Bank of Egypt declared in 2018, bitcoin is a highly risk associated currency.Bank warned to country citizens about it.They also said they only trust paper based currency.Later Dar al alfa, primary islamic legistator decleared bitcoin is Haram By Islamic Law.

Bangladesh

Bangladesh central bank issued a note where they mention trading,purchase,holding,sell crypto currency is prohibited.If any one caught with crypto he has to be go jail.Forex is also banned in Bangladesh.They also said bitcoin is high risky currency and uses it for money laundering.Thats why they banned crypto.

[Image source](https://bdnews24.com/economy/2017/12/27/bangladesh-bank-warns-against-transaction-in-illegal-bitcoin-other-cryptocurrencies)

China

[Image source](https://www.computerworld.com/article/3300120/china-once-again-cracks-down-on-cryptocurrencies-news-outlets.html)

Once upon a time china has the highest number of bitcoin miners.Although China attempt to make central bank own digital currency YUan but no news about it.But some territory of china has allow to exchange crypto currency like Hongkong.

Saudi Arabia

[Image source](http://www.sama.gov.sa/en-US/News/Pages/news12082018.aspx)

The Saudi arabian monitory authority declared forex and crypto currency is banned due to high risk.They also said bitcoin is not a recognized currency by kingdom.