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As of 2021, over 50 countries have bans on cryptocurrency

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Cryptocurrencies gained extraordinary popularity in 2021. Yet, a number of countries have decided to ban or heavily regulate these volatile assets for various reasons.  In 2021, cryptocurrencies took the economic markets by storm. While some countries haven’t specifically outlined a strategy regarding cryptocurrencies, others have decided to ban these assets altogether. The most important economic actor to ban these digital currencies is evidently China. In May 2021, the Asian country decided to ban Chinese financial institutions (mostly banks) from providing services relating to cryptocurrenc…

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