As of 2021, over 50 countries have bans on cryptocurrency

As of 2021, around 50 countries have restrictive rules surrounding cryptocurrency. — AFP Relaxnews

Cryptocurrencies gained extraordinary popularity in 2021. Yet, a number of countries have decided to ban or heavily regulate these volatile assets for various reasons.

In 2021, cryptocurrencies took the economic markets by storm. While some countries haven’t specifically outlined a strategy regarding cryptocurrencies, others have decided to ban these assets altogether.