Finding a treasure. In the recent news, Bulgaria came up as the country holding the second-largest amount of Bitcoins in the world. The surprising statistics relate to the fact that the Bulgarian government owns at least 213.000 Bitcoins. At the current rates, the value of those Bitcoins is over 804 million US dollars.
Yet, can the government ban Cryptocurrency?
Although it is clear that it's quite possible for a government to ban Bitcoin, actually enforcing a ban would provide difficult—if not impossible—in many countries. ... This is evidenced by the fact that there are still a significant number of Bitcoin users in most countries that have already banned it.
Along with, which country uses most Cryptocurrency? Ukraine
Besides, which country banned Cryptocurrency recently?
However, China banned cryptocurrencies in 2017. No cryptocurrency, including bitcoin, is legal in Bolivia. It is not legal to use or trade bitcoin in Colombia. Many local cryptocurrencies are legal in Russia, but bitcoin is partly illegal, which means one cannot buy goods or services.
Why is Cryptocurrency illegal in some countries?
Whatever reason a country gives for banning crypto, it mostly about maintaining control of its own financial system. ... Many countries that ban this technology have a history of not letting their own currency be traded on the free market.