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      "body": "The Chinese government cited concerns about financial stability and money laundering as reasons for the ban. It has also been encouraging the adoption of its CBDC, the e-yuan, offering the benefits of a digital asset while maintaining its control over the money supply.\n\nNepal has banned cryptocurrency transactions since 2017 when the country’s central bank issued a directive stating that any transactions involving cryptocurrency would be considered illegal. Bangladesh also issued a ban in 2017 warning against the use of Bitcoin and other cryptocurrencies as an offense that can result in imprisonment.\n\nSeveral African nations have imposed outright bans on cryptocurrencies. The government of Algeria, in North Africa, issued a law in 2018 that criminalizes the use, purchase, sale, and holding of cryptocurrencies, citing concerns about their potential use in illegal activities. In Morocco, the Foreign Exchange Office and central bank issued a joint warning in 2017, emphasizing that transactions involving cryptocurrencies would be subject to penalties. Ghana, Lesotho, and Sierra Leone has bans, as do Egypt, Libya, and Morocco.\n\nIn Latin America, Bolivia’s Financial System Supervision Authority issued a resolution in 2014 prohibiting the use of Bitcoin and other digital currencies, citing a lack of consumer protection and the potential for money laundering. In 2022, the Bolivian central bank prohibited the banking sector from using, marketing, or transacting cryptocurrency assets to protect the public from “risks, frauds and swindles” and “the risk of creating economic losses”. Meanwhile, in 2014, Ecuador became one of the first countries to introduce its own CBDC, the “Sistema de Dinero Electrónico” (Electronic Money System), and banned the use of decentralized cryptocurrencies as legal tender.\n\nCountry\tBan introduced\nAfghanistan\tThe Taliban prohibited crypto trading in August 2022.\nAlgeria\tIn 2018 Algerian parliament passed the Financial Law, which prohibits the purchase, sale, use, and possession of crypto.\nBangladesh\tIn 2017, Bangladesh Bank stated that crypto assets are considered illegal and issued a notice in 2022 that it does not recognize virtual currencies.\nBolivia\tThe Central Bank of Bolivia has banned crypto use since 2014 and reiterated its position in 2022, barring the banking sector from any crypto-related transactions.\nChina\tIn 2021, the government extended previous restrictions to ban mining, outlaw crypto transactions, and block foreign exchanges from offering services to Chinese citizens.\nEgypt\tIn 2022, the central bank renewed its warning against crypto because of its high risks, fluctuating value, and use in financial crimes.\nGhana\tIn 2022, the government reiterated its 2018 ban on the use of crypto in all financial transactions while it assesses how blockchain technology fits into the payments system.\nIraq\tThe Iraqi Central Bank prohibited crypto in 2017, and in 2018, the Kurdistan Regional Government’s Supreme Fatwa Board ruled against the use of the OneCoin cryptocurrency.\nKuwait\tIn July 2023, Kuwait’s Capital Markets Authority banned virtual asset transactions, including crypto, as part of anti-money laundering efforts.\nLesotho\tThe central bank has stated since 2018 that crypto is unregulated and unlicensed, so promoting crypto investments is forbidden.\nLibya\tIn 2018, the Central Bank of Libya stated that virtual currencies are illegal, pending regulation, as they may be used to carry out criminal activities. In June 2023, 50 Chinese nationals were arrested in a crackdown on illegal mining.\nMorocco\tThe Ministry of Economy and Finance banned all crypto transactions in 2017 as violations of exchange regulations. But in January 2023, the central bank announced a draft crypto regulation bill.\nMyanmar\tIn 2020, the Central Bank of Myanmar declared a ban, stating that anyone caught trading crypto could be imprisoned or fined. In July 2023, the shadow government set up a crypto bank to disrupt the foreign currency flows to the ruling military junta.\nNepal\tThe central bank, Nepal Rastra Bank, banned crypto use, exchange, and mining in 2017, and in 2021, it stated that crypto trading and encouraging others to use crypto are illegal. In January 2023, Nepal’s Telecommunications Authority instructed all Internet service providers to block all crypto-related websites, apps, or online networks.\nNorth Macedonia\tThe government has completely banned crypto use since 2016.\nRepublic of Congo\tAccording to the International Monetary Fund (IMF), the government has banned crypto outright outright.\nSaudi Arabia\tIn 2017, the Saudi Arabian Monetary Agency (SAMA) stated that financial institutions are banned from crypto transactions, and the government issued a warning in 2019 about transacting in crypto assets unsanctioned by the state. In 2022, SAMA hired a virtual assets lead to develop regulations.\nSierra Leone\tThe Bank of Sierra Leone banned two crypto companies in 2019 and announced that it has not licensed or permitted any businesses or financial institutions to take deposits for crypto investing or trading.\nTunisia\tTunisia has strictly banned the use of crypto. There have been calls to decriminalize it since a teenager was arrested in 2021 for using crypto in an online transaction.\nLike China, several countries have taken evolving positions on the legality of cryptocurrencies within their borders. For instance, Bangladesh’s central bank announced in 2017 that cryptocurrency transactions are illegal under money laundering and terrorist financing regulations. However, the government published its National Blockchain Strategy in 2020, recognizing “the need to explore blockchain technology in order to advance its technical capacity, increase efficiency in e-Governances, and foster innovations… to guide Bangladesh into a blockchain-enabled nation.” But in 2022, Bangladesh Bank issued a notice stating that transactions involving virtual assets, including virtual currencies, are not permitted.\n\nEgyptian authorities have long been critical of digital currencies. In 2018, religious leaders issued a statement that virtual currencies are forbidden under Islamic law. In 2020, the Central Bank of Egypt published licensing rules for issuing, dealing, or promoting cryptocurrencies, indicating that it was potentially on the path to regulating their lawful use. However, in 2023, the central bank reiterated its “previous warnings against dealing with all types of cryptocurrencies, whether through individuals, companies, applications, or digital platforms. Thereby, the Central Bank of Egypt emphasizes that no license has ever been issued or granted to engage in such trading activities in the Egyptian market due to the high risks they comprise, including but not limited to fluctuations and significant price volatility, as well as their use in financial crimes, and electronic piracy.”\n\nIn several countries where digital assets are officially banned, individuals continue to actively trade or hold them as a store of value or a way to generate income. And the decentralized nature of cryptocurrencies can make it difficult to enforce restrictions. In Ethiopia, the central bank stated in June 2022, reiterating that cryptocurrency business was illegal. But less than three months later, in August, it appeared to have reversed its decision, stating that cryptocurrency operators were required to register with the Information Network Security Administration (INSA), the government’s cybersecurity agency, within 10 days. The INSA acknowledged that “there is interest among individuals and entities in providing crypto services including mining and transfer. To properly regulate this field, INSA has begun to register individuals and entities that are involved in crypto operations (services).”\n\nWhy Some Countries Ban Cryptocurrency\nThe decision by several governments to prohibit the trading or use of cryptocurrency in their countries is rooted in a combination of economic, regulatory, and security concerns. Here are some key reasons why certain nations have chosen to take a cautious approach or an outright ban:\n\nFinancial stability: One of the primary concerns for governments is the potential impact of cryptocurrencies on their domestic financial systems. Their decentralized and often volatile nature can pose risks to financial stability, as sudden surges or crashes in crypto prices can have a severe impact on investors and financial institutions.\nConsumer protection: The lack of investor protection mechanisms in crypto markets can leave consumers vulnerable to fraud, scams, and market manipulation. Inexperienced investors may fall victim to Ponzi schemes or lose their savings owing to the speculative nature of cryptocurrency markets.\nMoney laundering and illicit activities: Cryptocurrencies offer a degree of anonymity, making them attractive to criminals for money laundering, tax evasion, and illegal transactions. Governments are concerned that cryptocurrencies are used to finance terrorism, drug trafficking, and other illicit activities.\nTax evasion: Cryptocurrency transactions can be difficult to trace, raising concerns about tax evasion. Some governments are concerned that an increase in individuals or businesses using cryptocurrencies to avoid paying taxes could reduce their revenues.\nLack of control: Cryptocurrencies operate outside the control of central banks and governments. Some governments view this as a challenge to their sovereignty, reducing control over the money supply and monetary policy.\nFinancial fraud: Cryptocurrency markets are rife with scams, fraudulent initial coin offerings (ICOs), and Ponzi schemes. Governments often ban cryptocurrencies to protect their citizens from falling victim and losing their money.\nSome countries are developing their own central bank digital currencies (CBDCs) and see private cryptocurrencies as a potential threat to their adoption. They may choose to ban or heavily regulate private cryptocurrencies to promote the use of their own digital currencies.\n \n\nThe Bottom Line\nWhile cryptocurrency has gained widespread popularity as a decentralized and borderless form of digital currency, not all countries have embraced it with open arms. Regulatory positions are frequently changing, with some governments banning cryptocurrency outright while attempting to assess the implications of blockchain technology and digital assets on their financial systems. These restrictions often arise from concerns about financial stability, consumer protection, and the potential for illegal activities such as money laundering.\n\nThe rapidly developing nature of the cryptocurrency industry means that regulatory approaches may continue to evolve in the future as governments grapple with finding the right balance between embracing innovation and mitigating potential risks.",
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      "body": "Steemit is a blockchain-based social media Dapp (decentralized application) that creates communities where users are rewarded for sharing their voice. It's a new kind of attention economy.\n\nTo help make your experience more enjoyable, we made a list of useful tips, links, and fun games to play on the Steem Blockchain.\n\nAnd thanks @steemingcurators and @cryptokannon for making the original post, you can also follow them to learn more details about Steemit.\n\nThis post is just a starting point, feel free to share suggestions in the comments, as we will continually improve this guide.\n\n\n\nThis Guide will cover the following topics...\nThe first thing to do when you come to Steemit\nIntroduction of a Steemit Post\nImportance of the five given keys\nHow to set your own profile\nThe three ‘tokens’ on Steemit - SBD, STEEM and Steem Power\nSteem Power (SP) delegation\nHow to earn STEEM\nHow to post\nHow to put tags on your post\nHow many times can you post\nHow to get more Steem Power (SP)\nHow to Create a Community on Steemit\nCommunities to join\nUseful tools\nDiscord servers\nThe first thing to do when you come to Steemit\n\nWhat is the very first thing a new Steemian should do? Post your first comment? Read the top paid posts to learn how to earn rewards? Upload your profile photo? The answer is, none of the above! The very first thing is: write down your master/owner keys on a piece of paper, and keep the paper in a safe, secure place.\nAnyone can use your password to log in, to transfer money, to comment on others, and fish your friends. What would you call it? 'Master/owner key' is not enough. We would call this long string 'Steem ID's Life'. If stolen, dead.\nWe warn every new Steemian: NEVER, EVER use your master/owner key when logging in to Steemit! ALWAYS login with your posting key. It is sufficient for everyday use.\nIf you are doing something related to your Steem Wallet, then use the active key.\nWhen do you use your master/owner key? Only when you want to recover something. Take it as the 'restore to factory settings' option on your smartphone.\n\nyiQxDeZLZimXa0QrS2AMCNWqNR2R0P4vFMSkZ0JXT3eaSKaukqFAUyC7SpZ2kZBF-SPBP_PEiMl69t5BEclcteNF6q1ohREbXUo_BqTpccAOHFY6UMbbGfbmodjc1FzSG4j6mf0q.png\n\nIntroduction of a Steemit Post\n\nWhen you come to Steemit, you will see a lot of posts, but what are those buttons used for? Let’s see.\n\nunnamed.png\n\nImportance of the five given keys\n\nYou'll be given a set of five passwords/keys uniquely generated for you. Keep these keys safe and secure. Each key is designed for different purposes, if you want to learn more detail about these keys, check out these posts:\nHow can I keep my steem account secure\nSteem Basics: Understanding Private Keys\nSteem Key Management\nWhat are all these keys in my wallet? Why so many?\n\nHow to set your own profile?\n\nYour profile info, profile image, and cover image can be set in your settings page. A complete profile is more appealing and will get more engagement. Once your image is uploaded, click the update button and enter your active key.\nThis is a really great post telling us how to set up profile, check it at: How to setup a complete profile on your blog page.\n\nThe Three Tokens on Steem\n\nThere are 3 'tokens' on the Steem blockchain: STEEM, SBD (Steem Dollars), and Steem Power (SP)\n\nSTEEM\nSTEEM is the basic cryptocurrency of the Steem blockchain. You can earn it by posting, commenting or upvoting on Steemit.com. You can also deposit, withdraw or trade STEEM at any time.\n\nSTEEM POWER (SP)\nSTEEM can be powered up (or ‘staked’) as Steem Power (SP). The more Steem Power you have, the greater your influence on the platform. Having more Steem Power gives you more voting power, which allows you to earn more ‘curation rewards. Having Steem Power also gives you the power to vote for the witnesses who oversee the blockchain.\nSteem Power can be converted back to STEEM through the process of ‘powering down’. This takes four weeks and you get a quarter of your Steem Power as liquid STEEM each week.\n\nSBD (Steem Dollars)\nSBD was originally designed to be on parity with the US dollar - so 1 SBD should equal 1 US dollar. However its value does fluctuate with the market although not as much as the value of STEEM, and it generally stays within about 10% of the dollar value.\n\nSteem Power Delegation\n\nSteem Power can be leant to other people through a process known as Delegation.\nWhen you delegate SP you retain the ownership of the Steem Power, but the person you have delegated it to enjoys the benefits of its voting power and collects the curation rewards from its use.\nSP is very important. Daily posting or direct buying can increase your SP. So, when you want to get more SP quickly, is there any way? The answer is delegating SP, which means lending your SP to others.\n\nPeople wonder if the SP they delegate to others is safe? The answer is YES. When you delegate SP to someone else, they only have the right to use the SP, but the SP still remains in your wallet that can be withdrawn at any time (process usually takes 5 days). After you delegate the SP, there will be a parenthesis after the SP in your wallet interface, for example, the interface of someone’s wallet shows -2552.794STEEM, which means that the user has delegated more than 2500 SP to others.\n\n1oVgubBHqvOer5SQTzhdcnRU1bTe9x2ECRE7Kr_-U8I6bVJx3qO1fvKWcM6HjWbSW7k29MU4svQC0NRV2jg_-A7IyE-D3Q-3nMciMNoQBlcYg4uTUuwZ262IUCf0V3-ZMB0Pva4R.png\n\nLearn more: https://steemit.com/hive-139293/@steemingcurators/how-to-delegate-your-steem-power\n\nHow to earn STEEM\n\nThere are several ways you can earn STEEM, here are some options:\n\nContent creator\nCreate interesting and valuable content on Steemit to earn STEEM as a content creator\nFreelance work\nNetworking with a community member on steemit and share your passion or specialized skills that you can offer to the community as paid services or market your product.\nTake part in Contests and Challenges\nSteemitblog and many other communities regularly run contests for every Steemian to join, if you win and upvote by official steem curation accounts or some other big whales, you will earn rewards by posting.\nLease/Renting out your Steem Power\nBuy some STEEM from exchanges and power up your STEEM to Steem Power then rent/lease it out to other Steemit users for daily Steem payment to your wallet.\nYou can buy STEEM from crypto exchanges. Here is a list of the most popular exchanges:\nPoloniex\nBinance\nBittrex\nHuobi\nHow to post?\n\nIt’s easy to post on Steemit, just click the button in the upper right corner to begin a post. It is important to know how to format your Steemit posts like a pro, here is a guide from @cmp2020 on how to do that properly: Markdown and HTML for Steemit Posts\nWhat does the Rewards: 50% SBD / 50% SP mean?\nNQjXRxBJHFtRdLio03lv1MJkB75joXGWkjTKWl2aBka7HubZFTAAjfjtlu1COeeyi4moBHI_jvNoTbxI6c8dR9lqHVDvoqBc9YR4ZJcX29Pao4zA6_INIkEHKKDjTx7XFNYp_CRK.png\n\nYou can learn from Should I use 100% Steem Power or 50%/50% Payouts for my Post\n\nAll rewards will be issued 7 days after publication. Click the small inverted triangle on the right side of the article's profit, it will display the article's potential profit and how long it is still going to be released.\n\n11.png\n\nHow to put tags on your post?\n\nUp to 5 tags can be added on each post, the tags of the article must be related to the subject. If you put a tag that does not match the subject, Steemit big whales will come to downvote it, which will have a great negative impact on the author’s reputation and profit.\n\nHere is a very good post that tells you how to use tags.\nHow to put TAGs on your Steemit Post\n\nOther popular tags you can find from looking through all trending posts and begin to use your interested tags to let more people find you.\n\nHow many times can you post?\n\nThe more resource credits (SP) you have in your account, the more transactions you can perform. We recommend having at least 20SP to perform a normal usage. This is equivalent to 2 posts a day and several comments and upvotes. When you power up, you will have more SP instantly. To know exactly the status of your account, we\nrecommend using this free tool: Steemworld (by @steemchiller)\nFor new Steemians, Steem will offer 15SP to begin posting.\n\nHow to get more STEEM POWER\n\nSteem Power is the holy grail on Steem. The more you have, the more influence you have on the platform. So we recommend to POWER UP your STEEM in your Wallet.\n\nLiquid STEEM in your wallet earns you nothing, which you can trade at an exchange for other crypto or sell for fiat currency. When you power up STEEM, part of the new generated Steem will be distributed to all users who are holding SP, you don´t have to do anything, it increases automatically.\nWhen you upvote a post with your SP, you earn curation rewards, this is a portion of the total payout of the post you voted on. Authors get 50%, curators get 50%. The more SP you have, the more curation rewards you earn because your vote is bigger.\nCompete in challenges on Steemit. Monthly, there is a contest called #spud4steem, on this day you get extra motivated to POWER UP, because you can earn SP and other prizes! Follow @kiwiscanfly\nPOWER UP Steem to Steem Power (SP), the conversion ratio is 1:1, which is instant. But if you POWER DOWN Steem Power (SP) to STEEM it takes 4 weeks, please be cautious when doing this.\nHow to Create a Community on Steemit\n\nHere is a guide about how to create a community on steemit.\nLearn More\n\nCommunities to join\n\nYou can check HERE to see all the communities on Steemit and subscribe the one you interested in.\n\nUseful tools\n\nhttps://steemworld.org is a very useful website to check everything regarding your account or transactions on the Steem Blockchain. Just put /@yourusername at the end of the link! Made by top witness @steemchiller.\n\nIf you post and want to include an image that is not yours, you can use photos from the following websites that are free to use. Please add the link to the image source in your post.\n~ https://pixabay.com\n~ https://pexels.com\n~ https://unsplash.com\n\nFor users that don't post in their own language or want to improve grammar and spelling of your post, we recommend using Grammarly, it is free and also has a Chrome extension. When your posts are enjoyable to read, more people will follow you and give you support!\n\nSteemit is the biggest application on the Steem blockchain if you want to discover what else Steem has to offer, Dappradar lists them all. You can use the same keys for every Dapp on Steem!\n\nDiscord Servers.\nSteemGlobal : https://discord.gg/pqmDxNR\nThe Steeming Curator :https://discord.gg/S8gJ6bG\nThank you and STEEM ON!---\nIf you have any suggestions, please put your comment under this post, we will follow it ASAP. Or, if you have anything to ask or not clear about something, you may mention the Steem greeters team members in the comment section of their latest blog post, or reach out to them for guidance.\nAlso you can join Newcomers' Community to learn and make friends or go to the FAQ page to learn more about how to steemit.\n\nAll of you can post more guides for beginners, we will be much appreciated with upvotes, just put yours in comments, thank you!\n\nEnjoy your new travel here on steemit.com!\n\nThank you,\nThe Steemit Team\n\n#newcomers#tutorials#howto#steemit#steem#spud4steem",
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      "author": "steem.history",
      "body": "Hello welcome to Steemit world! \n I'm @steem.history, who is steem witness. \n This is a recommended post for you.[Newcomers Guide](https://steemitdev.com/guide/@steemitblog/steemit-a-guide-for-newcomers) and [The Complete Steemit Etiquette Guide (Revision 2.0)](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) and, recommended community [Newcomers Community](https://steemit.com/trending/hive-172186) \n I wish you luck to your steemit activities.<center> \n \n \n https://cdn.steemitimages.com/DQmXHwdcNs5VPcBft1iSosPdHLpBNBfjuG84g3ffWhMw5JQ/image.png \n <sub>(The bots avatar has been created using https://robohash.org/)</sub> \n @steem.history \n \n ### My witness activity \n - [My aspiration for STEEM witness](https://steemit.com/hive-185836/@steem.history/my-aspiration-for-steem-witness-1601280729) \n - Provides information on Steem.  \n [Reference](https://steemit.com/trending/hive-130095) \n - Supporting the Steem project. \n [SPUD4STEEM project](https://steemit.com/trending/spud4steem) \n - Supporting the community. \n ### My featured posts \n - [The Complete Steemit Etiquette Guide (Revision 2.0) -Homage](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) \n \n [![image.png](https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)](https://steemlogin.com/sign/account-witness-vote?witness=steem.history&amp;approve=1) \n <sub>please click it!</sub> \n \n ![image.png](https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png) \n <sub>(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)</sub> \n \n </center>",
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      "body": "The Sun is set to reach the Solar Maximum in the next two years of the current solar cycle. This has led to heightened interest in the potential impact of it on the Earth among scientists. During solar maximum, the heightened activity in the Sun can potentially disrupt the large-scale infrastructure of communication and even cause an “internet apocalypse”.\nHowever, the American space agency, NASA, has not yet commented on the possibility of an internet outage caused by a solar storm by 2025.\nWhat is the Solar Maximum?\nThe solar maximum is a period of time during which the Sun experiences peak solar activity and its magnetic field reaches its strongest and most disordered dynamic point.In the solar cycles, which usually last 11 years, the solar maximum happens roughly in the middle of each cycle.The increased solar activity during this period can cause large-scale solar storms, eruptions and flares, which in turn can have devastating impacts on the Earth. It can potentially disrupt radio communications, the power grid, the internet and even have serious health consequences for astronauts.\nHowever, on an individual level, people on Earth are unlikely to experience any effects of the solar maximum.\nInternet apocalypse\nIt is currently unclear if the 2025 solar storm could have a massive impact such as the global internet outage.\nEarlier, historical events like the Carrington Event of 1859 had caused telegraph lines to spark electrocuting the operators. Also, in 1989 a massive solar storm disrupted the Quebec power grid for hours.\nAs per a report by the Washington Post, the concerns regarding the solar maximum are not entirely unfounded, as it can indeed impact the Earth's interconnected infrastructure.\n“We've never experienced one of the extreme case events, and we don't know how our infrastructure would respond to it. Our failure testing doesn't even include such scenarios,” computer science professor at the University of California at Irvine, Sangeetha Abdu Jyothi, told the Post.The term ‘internet apocalypse’ was in fact popularised by one of her research papers called 'Solar Superstorms: Planning for an Internet Apocalypse'.\nAccording to her, a severe solar storm can damage the undersea communication cables leading to interruption of long-distance connectivity.\nThe outages caused by it can last for months, and there could be a devastating economic impact of more than $11 billion in just one day for the US alone, according to reports.",
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