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What is the government's stance on cryptocurrency?
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The government's stance on cryptocurrency varies based on the country. In the United States, the government has taken a largely hands-off approach to regulating cryptocurrency, primarily focusing on enforcement against certain illegal activities associated with it such as fraud, money laundering, and tax avoidance. In other countries, where cryptocurrency is more regulated, the government's stance is to ensure that citizens are adequately protected from the volatility and risks associated with cryptocurrency investments and transactions.