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What we know about China’s cryptocurrency crackdown

The Verge

While we haven’t seen any reports of China flat-out outlawing cryptocurrencies, the government started issuing warnings about trading and mining cryptocurrencies in May, and told the country’s financial giants they would have to stop dealing in crypto. Graph: University of Cambridge.

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An Entire Country Switched Over to Bitcoin and It's Turned Into a Disaster

Futurism

That country is El Salvador, home to the native Pipil people of Cuscatln, ancient mangrove forests, and for four wild years, the crypto industry. The government hoped the edict would jump-start the nation's ailing economy, a growing haven for organized crime that's typical of high-poverty nations. million residents.