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Virtual currency: The constraints on the use of cryptocurrencies are eroding

22/04/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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As the financial system begins to appropriate them, cryptocurrencies, actions are multiplying in order to punish users.

States do not want their monetary monopoly, an essential component of their sovereignty, to be questioned. After Turkey's decision on April 17 to ban all bitcoin transactions on its territory, rumours multiplied, suggesting that India and especially the US Treasury Department would also tighten constraints on the use of cryptocurrencies. The sanction was immediate with a sharp correction in prices, up to -20% in session for bitcoin on Sunday 18 April

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