Burundi bans cryptocurrencies: Is volatility to blame?

Burundi bans cryptocurrencies in its vicinity and the government is not in favor of making trades, transactions or conducting business in any way that involves non-tangible financial assets to be used for equivalent exchange. The country touches the Democratic Republic of Congo, Rwanda, and Tanzania. While the countries surrounding Burundi have no vendetta against cryptocurrencies, Burundi refuses to let its inhabitants be subjected to cryptocurrency volatility. The government of Burundi bans cryptocurrencies as measures to ‘protect’ its people. The bank of the Republic of Burundi stated that the government has been asked for help by a large crowd of crypto