CHINA MINING LEADER
China is the absolute leader in creating new virtual currencies with about 66% of the world's mining capacity. This is due in large part to the low cost of electricity and the use of alternative energy sources.
Cryptocurrencies are most frequently "mined" using high-quality computers connected to the network as quickly and efficiently as possible.
Other major cryptocurrency mining centers also include the United States, Canada, Iran, Georgia, and Venezuela. In Europe, mainly Iceland and Sweden are in the lead
CRYPTOCURRENCY CITY
Some time ago noise was made about the plans of the famous rapper Akon, who decided to build a new city in his native Senegal, signed under the artist's pseudonym. In January 2020, the musician announced via social media that Akon City had finalized an agreement according to which the city would become a true cryptocurrency metropolis. According to the rapper, it is cryptocurrencies that have the opportunity to guarantee a better future for the people of Senegal and even for all of Africa. Akon wants to create an environment in his city that allows for the systematic, uninterrupted and undisturbed development of the country, even with traditional financial structures
CRYPTOCURRENCIES ARE NOT LEGAL EVERYWHERE
The legal status of cryptocurrencies raises a lot of controversy. In some countries, it is illegal to use such measures. Cryptocurrency trading has been banned, among others in Bolivia, Afghanistan, Bangladesh, Macedonia, Morocco, Egypt, Pakistan, Algeria, Saudi Arabia and Vietnam. Why is the use of virtual currencies legally impossible in these countries? The main reason is the lack of official tender status. In Middle Eastern countries, bans are further regulated by decrees of religious leaders
