Figures cited by UNCTAD show crypto is particularly popular in Russia, Ukraine and Venezuela, three countries affected by sanctions, war and hyperinflation. As of November 2021, 41 developing countries had either prohibited banks from dealing in crypto or prevented exchanges from offering crypto to retail investors, and nine have banned crypto outright, the report said.
Source: https://www.coindesk.com/policy/2022/08/11/ban-banks-from-holding-crypto-un-development-body-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines