Surveys suggest that 16% of adult Americans have invested in cryptocurrency, including many in minority communities who have historically had less access to banks. More than 100 countries, including China, are currently exploring or piloting the use of digital currencies by central banks, for use both domestically and in cross-border transactions. White House officials said this had “implications for the centrality of the US dollar in the global financial system”. Will US Crack down on Cryptocurrency because of Russia-Ukraine Invasion?

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