Prohibited Countries
Countries where blockchain and cryptocurrency activities are banned or heavily restricted
18 countries found
Algeria has banned cryptocurrency transactions.
Bangladesh has banned cryptocurrency transactions.
Bolivia has banned cryptocurrency transactions.
Cambodia has banned cryptocurrency transactions.
China maintains one of the world's strictest cryptocurrency bans. In December 2025, the People's Bank of China doubled down on its prohibition after detecting renewed speculation in virtual assets. All cryptocurrency trading, mining, and ICO activities are banned. The government shut down all domestic exchanges in 2017 and continues to enforce strict penalties for crypto-related activities. Despite the ban, China is actively developing its own Central Bank Digital Currency (e-CBDC), the digital yuan, as part of its financial modernization strategy. The government views cryptocurrencies as threats to financial stability and capital controls.
Ecuador banned cryptocurrency in 2014 but is reconsidering its position.
Egypt has banned cryptocurrency transactions.
Jordan has banned cryptocurrency transactions.
Kuwait has banned cryptocurrency trading.
Lebanon has banned cryptocurrency transactions.
Morocco has banned cryptocurrency transactions.
Myanmar has banned cryptocurrency transactions.
Nepal has banned cryptocurrency transactions.
Comprehensive restrictions and prohibitions.
Oman has banned cryptocurrency transactions.
Qatar has banned cryptocurrency transactions.
Tunisia has banned cryptocurrency transactions.
Vietnam prohibits the use of cryptocurrencies as a means of payment but has not banned ownership or trading. The State Bank of Vietnam has issued warnings about crypto risks. Despite official restrictions, Vietnam has one of the world's highest cryptocurrency adoption rates, driven by young tech-savvy population and remittances. Trading occurs through international platforms and P2P networks. The government is exploring blockchain technology and CBDC development while maintaining restrictions on crypto payments. The regulatory environment is characterized by high grassroots adoption despite official discouragement.