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BTC Ban: Top African Countries Where Buy/sell Of Crypto Is Restricted by teegrams(m): 3:17pm On Jun 13, 2022 |
Ethiopia is the latest African country to ban the use of crypto currencies. The central bank issued a warning that crypto currencies are being utilized to carry out unofficial financial transactions and schemes involving money laundering. Bitcoin has been controversial since its beginning in 2009, as have the subsequent crypto currencies that followed in its wake. Due to its extreme volatility, its use in nefarious transactions and the exorbitant use of electricity to mine it, the legal status of the digital currency varies substantially from country to country. But as more Africans turn to cryptos, the criticisms have continued to manifest in an array of restrictions on their usage. Read Also:3 Operational Changes That Will Improve Your Profit Without Spending Any Money Some countries have banned the use of Bitcoin and cryptocurrencies, while others have placed limitations on how Bitcoin can be used. This article uncovers the full list of African countries that have implemented a ban on Bitcoin and cryptocurrency. Note: Implicit bans refer to those which prohibit banks or other financial institutions from dealing in cryptocurrencies or offering services to people or businesses that involve crypto. Algeria — Absolute ban Benin — Implicit ban Burkina Faso — Implicit ban Burundi — Implicit ban Cameroon — Implicit ban Central African Republic — Implicit ban Chad — Implicit ban Cote d`Ivoire — Implicit ban Ethiopia — Implicit ban Democratic Republic of Congo — Implicit ban Egypt — Absolute ban Gabon — Implicit ban Lesotho — Implicit ban Libya — Implicit ban Mali — Implicit ban Morocco — Absolute ban Namibia — Implicit ban Niger — Implicit ban Nigeria — Implicit ban Senegal — Implicit ban Tanzania — Implicit ban Togo — Implicit ban Tunisia — Absolute ban Uganda — Implicit ban Zambia — Implicit ban Zimbabwe — Implicit ban Source: https://matrixliveng.com/btc-ban-top-african-countries-where-buy-sell-of-crypto-is-restricted/
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