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What are Sanctions

The world is adopting crypto at a revolutionary rate, therefor some regulations have been put in place for a safer ecosystem. Cryptocurrency, like many other new phenomena, has both benefits and drawbacks. 

Sanctions are actions taken by countries and large bodies such as the U.N to combat financial crimes, these include: 

  • Travel bans 

  • Asset freezing 

  • capital restraints and  

  • trade restrictions. 

Sanctions aid in the combat of illicit financial abuse that comes along with anonymous trading. 

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