List of African Nations where Digital Currencies Like Bitcoin & other Cryptos are Banned or Restricted

1 min read

crypto ban

Some African nations have categorically outlawed Bitcoin and other cryptocurrencies, while others have set restrictions on how they can be used.
This post compiles a comprehensive list of African countries that have banned Bitcoin and other cryptocurrencies.

  • Ethiopia is the latest African country to ban the use of cryptocurrencies.
  • The central bank issued a warning that cryptocurrencies are being utilised to carry out unofficial financial transactions and schemes involving money laundering.

Since its inception in 2009, Bitcoin, as well as the numerous cryptocurrencies that followed, has been fraught with controversy.

The legal position of the digital currency differs significantly from country to country due to its high volatility, its usage in criminal operations, and the excessive expenditure of electricity to mine it. However, as more Africans adopt cryptos, the objections have intensified, resulting in a slew of new limits on their use.

Some nations have outright outlawed Bitcoin and other cryptocurrencies, while others have set restrictions on how they can be used. This page compiles a comprehensive list of African countries that have banned Bitcoin and other cryptocurrencies.

Note: Implicit bans refer to those which prohibit banks or other financial institutions from dealing in cryptocurrencies or offering services to people or businesses that involve crypto.

  1. Algeria — Absolute ban
  2. Benin — Implicit ban
  3. Burkina Faso — Implicit ban 
  4. Burundi — Implicit ban
  5. Cameroom — Implicit ban
  6. Central African Republic — Implicit ban
  7. Chad — Implicit ban
  8. Cote d`Ivoire — Implicit ban
  9. Ethiopia — Implicit ban
  10. Democratic Republic of Congo — Implicit ban
  11. Egypt — Absolute ban
  12. Gabon — Implicit ban
  13. Lesotho — Implicit ban
  14. Libya — Implicit ban
  15. Mali — Implicit ban
  16. Morocco — Absolute ban
  17. Namibia — Implicit ban
  18. Niger — Implicit ban
  19. Nigeria — Implicit ban
  20. Senegal — Implicit ban
  21. Tanzania — Implicit ban
  22. Togo — Implicit ban
  23. Tunisia — Absolute ban
  24. Uganda — Implicit ban
  25. Zambia — Implicit ban
  26. Zimbabwe — Implicit ban

crypto ban

Via this site List of African Nations where Digital Currencies Like Bitcoin & other Cryptos are Banned or Restricted

Have A Story? Get Featured On Fraxfacts Plus 100+ More Exclusive Crypto News Sites