Central Bank of Laos Blocks Crypto

The central bank of Laos issued a warning to the public about the purchase,sale, or use of cryptocurrencies, essentially banning them in Laos. This doubles down on the fact that cryptocurrency transactions are considered illegal in the country and is an outright ban on anything that has to do with Crypto. Crypto’s use in the impoverished areas of Southeast Asia is much needed to improve the lives of people there but it looks like the Authorities are once again stepping in the way of adoption.