The World’s Least Crypto-Friendly Countries for Enthusiasts
Least crypto-friendly countries: These destinations have outright banned crypto or do not support crypto in public places like cafes, restaurants, and shops.
If you want to save big expenses by using your favorite crypto abroad, maybe give these places a diversion.
In a new study by Fast Private Jet, the places around the world that say MEH to accept digital currency are as follows.
China and Qatar ban cryptocurrency
Many countries are moving towards mass adoption. However, there are countries that go the other way. Some have set very strict regulations or outright banned crypto. It is therefore difficult for enthusiasts and businesses to join the crypto revolution.
China is the most famous crypto banner. This prohibition now covers financial institutions and domestic use. However, the country has launched a government-sanctioned digital currency, the Digital Yuan. The jury is still out on how it turns out.
Other countries avoiding cryptocurrencies include Oman, Egypt, Qatar, Algeria, Iraq, Morocco, Tunisia, and Bangladesh. They have all banned crypto for various reasons. Another 42 countries, including Algeria, Bahrain and Bolivia, have limited the ability of banks to manage digital currencies.
The Least Crypto-Friendly Countries: Lack of Crypto ATMs
There are countries in the world with low access to crypto ATMs. Around 152,077 people in the United Arab Emirates (UAE) hold crypto. But the UAE only has one crypto ATM – and that’s in Dubai.
However, the use of cryptography is on the rise in this part of the word, which could change quickly. Cryptos are not authorized by the Central Bank of the United Arab Emirates. But, several crypto exchanges have been given the green light in financial free zones.
Other countries are also low on the crypto ATM score
Ranking of Countries with the Lowest Crypto ATMs
1 United Arab Emirates
5 Saudi Arabia
Jthe least crypto-friendly countries in Europe
In Europe, many countries are fully embracing crypto, such as Slovenia. But strangely, there are also pockets of resistance.
Malta has been considered the least crypto-friendly country in Europe.
Rank Country City
2 North Macedonia
4 Bosnia and Herzegovina
Malta has no regulations regarding cryptocurrency, but there are also no restrictions on the exchange, mining, trade and investment of Bitcoin. But the small island country is far behind its European neighbors. According to Coinmap, Valletta, the capital, has nowhere for tourists to spend their cryptocurrency.
Said a Fast Private Jet representative, “Other cities with surprisingly few places to spend crypto include Luxembourg and Monaco. These destinations are sought-after luxury vacation destinations – Luxembourg being the wealthiest nation in Europe and Monaco known to be a favorite destination of the rich and famous.Due to the audience these destinations attract, we expect to see more crypto-enabled venues popping up in these metropolises in the near future.
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