Cryptocurrency Q&A
Which country banned Monero?
Which country banned Monero?
lucas_taylor_teacher
Tue Apr 22 2025
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7
answers
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Some countries have banned Monero due to various reasons such as maintaining financial stability, preventing fraud and money laundering, as well as concerns over the anonymity provided by privacy coins like Monero. These countries include, but are not limited to, South Korea, where the government has implemented crypto anti-money laundering measures that led to the ban of Monero and other privacy coins on exchanges.
7 answers
FantasylitElation
Wed Apr 23 2025
China has taken a similar stance, with authorities closely monitoring and restricting Monero-related activities.
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Bianca
Wed Apr 23 2025
Monero, a privacy-focused cryptocurrency, is not banned globally.
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KpopHarmonySoul
Wed Apr 23 2025
Despite its global acceptance, Monero faces notable restrictions in several countries.
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Dario
Wed Apr 23 2025
India has also joined the ranks of countries placing restrictions on Monero, reflecting concerns over its privacy features and potential misuse.
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BenjaminMoore
Wed Apr 23 2025
Japan, for instance, has implemented strict regulations on the use and trading of Monero.
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