51 countries worldwide restrict cryptocurrency trading

A total of 51 countries / regions have banned cryptocurrency trading, according to a Global Research Council (GLRD) report from the United States Library of Congress Law Library. . for

The report states: “In the 2018 report, we identified 8 legal restrictions and 15 legal restrictions, but the November 2021 update identified 9 restrictions and 42 resolutions.

Prohibits direct reporting of illegal cryptocurrency. Fraudulent restriction refers to the restriction of a bank or other financial institution from trading cryptocurrencies or providing services to individuals or businesses involved in cryptocurrencies, and prohibiting the cryptocurrency exchange while working in this area.

Nine countries are restricted: Algeria, Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar and Tunisia. Among them, China has become the biggest source of information this year. for

The Chinese government has banned the cryptocurrency industry since 2017, but since the impact of cryptocurrency mining, the market in volume has more than doubled this year. Before the explosion in bitcoin mining, China controlled about two-thirds of the market. for

These countries include Tanzania, Toga, Turkey, Lebanon, and Bolivia. What's dangerous is that 21 countries have acknowledged that there is no financial or anti-financial fraud protection in place in the cryptocurrency industry. for