think the reason why crypto is being banned is because of lack of in-dept knowledge of the benefits that country can get from the adoption of crypto currencies when giving it a great consideration.
Yeah, ignorance can be said to have an effect here.
Nigeria for example banned the use of crypto currencies and yet want to solve the issue of cashless policy. How can country like this not take crypto into consideration?
Obviously, they need to be properly educated.
In my last write up i wrote how Nigeria can solve cashless policy with crypto currencies which i believe if they can think about the advantages that crypto brings into consideration, it will go a long way to help the economy.
Truly, cryptocurrency, when properly enhanced will help the economy of the country who gives it the chance. Thanks for contributing, sir
RE: Why are Some Countries Banning Crypto Mining?