What are the ramifications of crypto currency for nations

what are the ramifications of crypto currency for nations

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Cryptocurrencies - The future of money? - DW Documentary
Across the world, money has been locked away�restricted from being used to its full potential. Yet, these restrictions are not due to money. Crypto-assets can require considerable amounts of electricity usage, which can result in greenhouse gas emissions, as well as additional. Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.
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Mairead McGuinness, the European commissioner for financial services, has urged the U. Partial regulation exists in some countries, with others taking steps to regulate as much of the space as possible. Some experts say the potential for CBDCs to cut out commercial banks as intermediaries carries risks, because these banks perform a critical economic role by creating and allocating credit i. Singapore Statutes Online.