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In-Depth | Reining in the Crypto-verse - A deep dive into how cryptocurrencies are being regulated across the world
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[content][body][dropcap]2[/dropcap]021 has been a roller-coaster ride of a year for the cryptocurrency ecosystem, with many countries across the world taking decisive steps to either regulate or place an outright ban on this emerging, relatively-nascent asset class.
Per a recent report by the Global Legal Research Directorate (GLRD) of the Law Library of the US Congress, 51 countries have placed heavy restrictions on all cryptocurrency-associated transactions.
Out of these, eight jurisdictions like China, Iraq, Bangladesh and others have put in place absolute bans, declaring crypto to be completely illegal. On the other hand, 42 jurisdictions have imposed implicit bans. This implies banning operations of crypto exchanges, along with
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