If you outlaw cryptocurrency purchase then only outlaws will purchase cryptocurrency.
Why does this sound so familiar?
It’d be a stupid move to ban crypto. I’m very pro crypto, but we do need some regulation. It’s too easy to lose your account with no recourse currently. So just introduce ways for companies and consumers to be good actors.
How are these countries going to enforce the ban on bitcoin if their people need to be able to trade oil futures on the same international exchanges where bitcoin futures are available already ?