Countries Where Bitcoin Is Restricted or Banned96

Bitcoin, the world's first and most popular cryptocurrency, has gained widespread adoption over the past decade. However, its decentralized and unregulated nature has also raised concerns among governments and central banks worldwide.

As a result, several countries have implemented regulations or outright bans on Bitcoin and other cryptocurrencies. These restrictions can range from limiting the use of exchanges and ATMs to criminalizing the possession or trade of cryptocurrencies.

The following is a list of countries where Bitcoin is currently restricted or banned:
Afghanistan: Bitcoin is banned by the Taliban government, which considers it un-Islamic.
Algeria: Cryptocurrencies are banned under a 2018 law that prohibits the use of virtual currencies for payments.
Bangladesh: Bitcoin and other cryptocurrencies are banned under the Money Laundering Prevention Act of 2012.
China: Bitcoin and other cryptocurrencies are banned by the Chinese government, which has cracked down on cryptocurrency exchanges and mining operations.
Egypt: Bitcoin is banned by the Central Bank of Egypt, which considers it a threat to the national economy.
India: The Reserve Bank of India has banned banks from dealing in cryptocurrencies, effectively prohibiting Bitcoin transactions.
Iran: Bitcoin is banned by the Iranian government, which considers it illegal.
Morocco: Bitcoin is banned by the Moroccan government, which considers it a threat to the stability of the financial system.
Nepal: Bitcoin is banned by the Nepal Rastra Bank, which considers it a risk to financial stability.
Nigeria: The Central Bank of Nigeria has banned banks from dealing in cryptocurrencies, effectively prohibiting Bitcoin transactions.
North Korea: Bitcoin is banned by the North Korean government, which considers it a threat to the national economy.
Oman: Bitcoin is banned by the Central Bank of Oman, which considers it illegal.
Pakistan: The State Bank of Pakistan has banned banks from dealing in cryptocurrencies, effectively prohibiting Bitcoin transactions.
Qatar: Bitcoin is banned by the Qatar Central Bank, which considers it a risk to financial stability.
Russia: Bitcoin is not explicitly banned in Russia, but the government has introduced strict regulations that limit its use.
Saudi Arabia: Bitcoin is banned by the Saudi Arabian Monetary Authority, which considers it illegal.
Turkey: Bitcoin is not explicitly banned in Turkey, but the government has introduced regulations that restrict its use.
Vietnam: Bitcoin is banned by the State Bank of Vietnam, which considers it illegal.