It hasnt‘t to be banned officially to be banned effectively. - Here in Germany buying and owning crypto currencies is not illegal. But try to transfer only 20k Euros from your bank account to Kraken.com to buy some crypto assets. Then you might get a letter from your bank telling you they just cancelled your bank account, without telling you why. And they will refuse to explain anything. - Trying to get background infos from insiders on reddit, you‘ll hear that there are departments focusing on money laundering that get noticed whenever largish amounts are being transfered to crypto marketplaces. And that their prefered action is to quit an account instead of investigating details.
In the end you realize that it‘s officially not forbidden, but that you rather don‘t touch these assets.
This is the world we are in 2021. Officially these are measures trying to prevent money laundering and tax evasion, but eventually we wake up in a pretty darn restrictive world where you can‘t even transfer 10k euros from A to B without having to explain things. (If and when you get the chance to explain.)
In the end you realize that it‘s officially not forbidden, but that you rather don‘t touch these assets.
This is the world we are in 2021. Officially these are measures trying to prevent money laundering and tax evasion, but eventually we wake up in a pretty darn restrictive world where you can‘t even transfer 10k euros from A to B without having to explain things. (If and when you get the chance to explain.)