Countries where Bitcoin (BTC) is legal
Banning a global technology and economic paradigm like BTC is not the best approach for governments to protect their citizens from the risks of this asset class. Protecting retail customers can be achieved by manually guiding them through the journey, educating them and putting the right controls in place.
There have been multiple bans on BTC, other cryptocurrencies, and cryptocurrency mining around the world. China banned cryptocurrencies in 2021 in light of its central bank digital currency and it was having an impact too Mining. As a result, the BTC hash rate fell in 2021. But the industry was revived by a surge in Bitcoin miners in the United States.
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