Nepal:
Nepal is one of those countries where cryptocurrency is still not accepted. Cryptocurrencies were declared illegal by Nepal Rastra Bank on 13th August 2018.
Bangladesh:
Joining the list is Bangladesh. It has strictly banned the use of cryptocurrency and has laid down laws that whosoever caught red-handed in trading in it, will have to face the brunt of the law. The announcement was made by the central bank of Bangladesh in September 2014.
Egypt
Egypt also falls under the category of those countries, where cryptocurrency is still not accepted and is been prohibited under Islamic law known as haram.
Pakistan:
Like the above countries, cryptocurrencies are not given warm welcome in Pakistan. These digital currencies are strictly banned in this Islamic nation. The banks here strictly prohibit the use of these currencies.
Bolivia
Here comes another name in the list of countries where cryptocurrency is still not accepted. Back in 2014, the use of cryptocurrencies was banned by Bolivia. It was banned because it was being used for unlawful activities.
Conclusion:
All the above names are those countries where cryptocurrency is still not accepted. The concept of cryptocurrency might have got relief after being accepted in India. If you are abreast of cryptocurrency latest news, then you will know that RBI never came in support of this digital currency concept and put the ban on it. However, since the ban has been lifted off by the Supreme Court of India, people are now allowed to trade in cryptocurrencies of their choice. But still, there are countries like Pakistan, Bolivia, Nepal, Bangladesh, and Egypt where trading in cryptocurrency is still a crime according to their law. So don’t make any blunder mistake by trading cryptocurrencies in any of these countries.
If you are a resident of all these countries, please comment. Tell more details about the situation in your country.