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China isn’t the only nation to reject crypto. 50 other countries have banned digital currencies to date. | Currency News | Financial and business news

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Bitcoin and China. NurPhoto / Getty Images NurPhoto / Getty Images China isn’t the only country to ban cryptocurrencies. In fact, 50 other countries have banned cryptography, according to a report by the Global Legal Research Directorate of the Law Library of Congress. Their post was first reported by Decrypt. The November report found that the number of countries banning crypto has “grown significantly” since the research was first published in 2018. Now, nine countries have an absolute ban, which makes crypto illegal, and 42 have an implied ban, which prohibits financial institutions from dealing with crypto. That brings the…

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