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Cryptocurrency, also known as “crypto”, has been hyped for years. Digital money is touted as a means of emancipation from big banks and a way to get around strict financial regulations. It’s traded as a hot commodity and promoted by celebrities as the currency of the future. Glossy Instagram ads make it seem like cryptocurrencies are everywhere. Yet thus far, hardly any nations have recognized crypto as legal tender. Like any new technology, cryptocurrency offers opportunities – but it also poses risks.
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