I just saw a report from the U.S. Congress, and the data is quite shocking. There are already 51 countries worldwide that have implemented varying degrees of restrictions on cryptocurrencies.

Among these countries that ban cryptocurrencies, the situations are not exactly the same. Eight countries have chosen the strictest approach, directly declaring cryptocurrencies illegal, including China, Egypt, Bangladesh, Algeria, Iraq, Morocco, Qatar, and Tunisia. Additionally, 42 countries have adopted indirect bans, mainly restricting banks and financial institutions from providing crypto-related services or prohibiting exchanges from operating locally. Tanzania, Turkey, Lebanon, and Bolivia are among these.

Interestingly, there are 21 countries with the opposite stance. These countries explicitly state they will not impose special regulations on anti-money laundering or counter-terrorism financing for the crypto industry, including Brazil, Kazakhstan, Jordan, and Pakistan. This indicates that global attitudes toward crypto are indeed diverging.

From this report, countries banning cryptocurrencies are mainly concentrated in the Middle East, Africa, and parts of Asia. However, this pattern is constantly changing, as some countries that previously took a wait-and-see approach are beginning to formulate specific policies. It’s worth paying close attention to policy developments in these regions, as they directly impact the liquidity and user distribution in the global crypto market.