Why certain countries ban crypto

Ecuador has been at war with popular cryptocurrencies since 2014 or so.

Cryptocurrency at large has been subject to bad PR. For too many people, Bitcoin is reduced to "That internet money that people used to buy drugs and order hitmen." For enabling so much anonymity, cryptocurrencies opened a Pandora's box on what people were willing to transact for.

Countries like China, Vietnam, and Bolivia would rather see the technology banned on the pretense that they are developing laws to successfully keep crypto out of gray or black zones.

Just because crypto is legal within a certain country doesn't mean it is without opponents.

Even if it's perfectly legal, countries can still make it inconvenient to hold crypto.

Working to make crypto illegal on the level of Ecuador and Bolivia.

Democrat Brad Sherman has notoriously called for US lawmakers to "Nip this in the bud" and issue a blanket ban on all crypto purchases made by Americans.

Ten years after being released, cryptocurrency technology is like an unstoppable machine that wraps around the entire world.

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