Posts

Showing posts with the label countries

where is Bitcoin rendered illegal? Central Bank Digital Currency (CBDC)?

Image
< Personal note: while we can make (or lose) money from various assets, cryptocurrency trading remains volatile and speculative in nature .  Let us do our own due diligence #DOODD before trading.  Let us not leverage and only use money that we can afford to lose.> List of countries where Bitcoin $BTC is illegal: ( Source ) where would we run into a roadblock for Bitcoin or Crypto? Countries Where Bitcoin Is Illegal While Bitcoin is welcomed in many parts of the world, several countries are wary of its volatility and decentralized nature. Some also perceive it as a threat to their current monetary systems while being concerned about its use to support illicit activities like drug trafficking, money laundering, and terrorism. Several nations have outright banned digital currency, while others have tried to cut off any banking and financial system support essential for its trading and use. Countries With Implicit Bans The Library of Congress identified 42 countries with im...