• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home AUSTRALIA

Number Of Countries Banning Crypto Has Doubled In 3 Years

CB4U by CB4U
January 6, 2022
in AUSTRALIA
0
Number Of Countries Banning Crypto Has Doubled In 3 Years
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Although 2021 was generally seen as a good year for the cryptocurrency industry in terms of market performance, the number of international jurisdictions banning crypto has more than doubled since 2018 with no sign of the trend easing in 2022.

According to an updated report by the American Library of Congress (LOC), nine countries have now applied an absolute ban on crypto and 42 an implicit ban. This is up from eight and 15, respectively, in 2018 when the report was first published.

Bans Have Two Shades of Meaning

In the context of the LOC report, an absolute ban means any “transactions with or holding cryptocurrency is a criminal act”, whereas an implicit ban prohibits cryptocurrency exchanges, banks and other financial institutions from “dealing in cryptocurrencies or offering services to individuals and/or businesses dealing in cryptocurrencies”.

The nine new jurisdictions with an absolute ban are Egypt, Iraq, Qatar, Oman, Morocco, Algeria, Tunisia, Bangladesh and China. Other than the 51 jurisdictions with a crypto ban already in place, 103 have applied Anti-Money Laundering (AML) and combatting the funding of terrorism (CFT) laws, more than three times the 33 jurisdictions with such laws in place three years ago.

Current international legal status of cryptocurrencies. Source: LOC

Sweden, Estonia, Russia on the List; India Delays Execution

Estonia, Sweden’s EU neighbour across the Baltic Sea, is set to implement AML/CFT rules next month. As for Sweden itself, the Scandinavian nation’s Environmental Protection Agency called for a ban on proof-of-work (PoW) mining in November 2021 due to the power demands of keeping networks running.

The new rules are expected to change the definition of a virtual asset service provider and apply an implicit ban on decentralised finance (DeFi) and Bitcoin.

India’s government sent a shiver through the international crypto community when lawmakers there considered a total cryptocurrency ban last November. Although it did not eventuate, the Securities and Exchange Board of India – which oversees the regulation of local crypto exchanges – pushed to regulate cryptocurrencies as crypto assets. An outright ban, however, is still on the table.

Last month, Russia’s central bank moved to ban crypto investments and also also barred mutual funds from investing in digital currency.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.

Advertisement Banner
Previous Post

Bitcoin Taproot: 5 Benefits That Will Boost BTC in 2022

Next Post

Coinbase Prime and Enfusion team up to bring seamless crypto trading to institutional investors

CB4U

CB4U

Next Post
Coinbase Prime and Enfusion team up to bring seamless crypto trading to institutional investors

Coinbase Prime and Enfusion team up to bring seamless crypto trading to institutional investors

Discussion about this post

RECOMMENDED

IMF Talks About The Capabilities That Come With CBDCs

Digital Yuan’s Volume Crosses $14 bln Mark, Raising Concerns

4 months ago
European Parliament Votes Against Bitcoin Mining Ban

European Parliament Votes Against Bitcoin Mining Ban

11 months ago

DON'T MISS

EMERGENCY 🚨CRYPTO PUMPING | अगला ALTCOIN कौनसा PUMP करेगा? 🚨 | cryptocurrency

EMERGENCY 🚨CRYPTO PUMPING | अगला ALTCOIN कौनसा PUMP करेगा? 🚨 | cryptocurrency

January 27, 2023
Bitcoin Supply In Loss Hits A 9-Month Low

Bitcoin Supply In Loss Hits A 9-Month Low

January 27, 2023
Argo Blockchain hit with class action lawsuit over IPO misinformation

Argo Blockchain hit with class action lawsuit over IPO misinformation

January 27, 2023
Only 15% of UK Crypto Firms Have Been Issued Licenses

Only 15% of UK Crypto Firms Have Been Issued Licenses

January 27, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

EMERGENCY 🚨CRYPTO PUMPING | अगला ALTCOIN कौनसा PUMP करेगा? 🚨 | cryptocurrency

EMERGENCY 🚨CRYPTO PUMPING | अगला ALTCOIN कौनसा PUMP करेगा? 🚨 | cryptocurrency

January 27, 2023
Bitcoin Supply In Loss Hits A 9-Month Low

Bitcoin Supply In Loss Hits A 9-Month Low

January 27, 2023
Argo Blockchain hit with class action lawsuit over IPO misinformation

Argo Blockchain hit with class action lawsuit over IPO misinformation

January 27, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
en English
en Englishja Japaneseko Koreantl Filipinovi Vietnamesehi Hindibn Bengalita Tamilzu Zulusw Swahilide Germanfr Frenches Spanishpt Portugueseru Russian