JUST IN: Bitcoin, Ethereum and Other Cryptocurrencies Are Now Illegal in Burundi

Libra Coin News
Wed, 09/04/2019 - 15:02
Alex Dovbnya
Burundi joins the list of African countries where cryptocurrencies are illegal
Cover image via 123rf.com

Burundi, a country in east-central Africa, has officially barred its citizens from trading Bitcoin and other cryptocurrencies, Bloomberg reports. All digital currencies are now illegal there, and “strong measures” will be taken against those who won’t obey the ban.

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According to Alfred Nyobewumusi, who represents Burundi’s central bank, the country’s citizens asked the government to step into the breach after losing money because of crypto.

U.Today reminds its readers that Algeria, Egypt, and Morocco are also among the African countries that earlier banned Bitcoin.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.