It is no wonder that soon we will all hold blockchain assets or digital assets, also popularly known as cryptocurrencies. Digital assets have modernized the way we live and the way we pursue business.

In recent months, the virtual currency has left analysts and investors stunned. There have been questions about its existence, also potential bubbles on its presence. A few countries welcome cryptocurrency and a few restrict it. Cryptocurrency is still a dream come true in few countries.

There have been strict regulations on the usage of cryptocurrency and its exchanges. It still continues to threaten crypto enthusiasts. But for sure, one can hardly ignore the innovations.

So, we have listed out the countries that said YES and NO to the cryptocurrency. Here you go!

Cryptocurrency Is Legal In The Following Countries

  • Morocco
  • Nigeria
  • Namibia
  • South Africa
  • Zimbabwe
  • Canada (banned by banks)
  • Mexico
  • United States
  • Costa Rica
  • Nicaragua
  • Trinidad and Tobago
  • Jamaica
  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Kyrgyzstan
  • Cyprus
  • Israel
  • UAE
  • India
  • Jordan
  • Saudi Arabia
  • Iran
  • Lebanon
  • Turkey
  • India (banned by banks)
  • Pakistan
  • China
  • Japan
  • Hong Kong
  • Taiwan
  • South Korea
  • Indonesia
  • Philippines
  • Cambodia
  • Malaysia
  • Thailand (banned by banks)
  • Singapore
  • Vietnam (not allowed as a payment tool)
  • Croatia
  • Germany
  • Poland
  • Austria
  • Czech Republic
  • Romania
  • Slovenia
  • Slovakia
  • Switzerland
  • United Kingdom
  • Australia
  • New Zealand
  • Ireland
  • Netherlands
  • Belgium
  • France
  • Luxembourg
  • Greece
  • Italy
  • Bulgaria
  • Bosnia and Herzegovina
  • Malta
  • Spain
  • Portugal
  • Sweden
  • Iceland
  • Norway
  • Denmark
  • Ukraine

The legalization of cryptocurrencies doesn’t necessarily mean that the government of a particular country supports or fosters it in any way.

Following Countries Have Declared Cryptocurrencies As Illegal:

  • Algeria
  • Bolivia
  • Ecuador
  • Bangladesh
  • Nepal
  • Macedonia

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