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Crypto makes history in 2021: Five instances of governments embracing digital assets

Published 12/29/2021, 06:06 AM
Updated 12/29/2021, 01:20 PM

As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments.

In addition to Bitcoin crossing $68,000 for the first time since inception, the year of 2021 will be remembered for Bitcoin’s historical adoption as legal tender in El Salvador. The world’s first-ever Bitcoin exchange-traded fund (ETF) was also inaugurated in 2021, alongside many other benign regulatory developments around the world.

1. El Salvador: The first country in the world to adopt Bitcoin as legal tender

2. The United Arab Emirates: CZ’s new home

3. Canada: Crushing the global Bitcoin ETF race

4. Singapore: Crypto is ‘investment in a prospective future,’ says regulator

5. Gibraltar: New target for Huobi exchange after Chinese crackdown

Crypto-friendly jurisdictions of 2021: Honorable mentions

Continue Reading on Coin Telegraph

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