Interesting. Having to declare ownership seems pretty standard. Most countries require their citizens to pay taxes on their crypto. I wonder about not being able to spend their crypto though. It sounds like they may not want people to be able to interact with the global market perhaps, or maybe they don't want their money leaving the country? Interesting to think about.
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It's a bit like you are allowed to buy a car as an investment if registered but it's prohibited to actually drive the car 😂
Hahaha yeah I suppose it is. I never thought of it that way. Thats funny