Nepal, May 23 -- The US is taking a liberal approach toward cryptocurrencies. On 9th March 2022, President Joe Biden put out an executive order calling on the government to examine the risks of crypto assets to protect US-based people and businesses interacting with virtual digital assets, abolish illegal crypto activity, and explore the possibility of creating a Central Bank Digital Currency.

As of writing this article, cryptocurrencies have crashed wiping away almost USD 1 Trillion worth of value in a month proving a solid justification for the countries that have banned cryptocurrencies. Even before the crash, Bitcoin and other cryptocurrencies were fully banned in a close to dozen countries and implicitly banned in another fifty coun...