2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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China
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Japan
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Netherlands
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Detailed explanation-1: -China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.
Detailed explanation-2: -In September 2021, China declared all cryptocurrency illegal.
Detailed explanation-3: -On 22 April 2022 parliament of the Central African Republic voted for the cryptocurrency law which was promulgated on 27 April officially making Bitcoin a legal tender in the country.
Detailed explanation-4: -When it banned crypto last year, China did so in different phases. First the country prohibited financial institutions from engaging in any crypto transactions in May. Then it banned all domestic crypto mining in June, and finally outlawed cryptocurrencies outright in September.
Detailed explanation-5: -The European Union has placed a blanket ban on all crypto services to Russian entities as part of its eighth round of sanctions against the country.