Will there be a Dogecoin ban?

Dogecoin (DOGE) is easily the nigh popular meme cryptocurrency, plus it has some pretty loftier-profile backing. Despite this, many crypto investors fear that a Dogecoin ban could exist on the way soon. Is there anything of substance to support those fears, though? Here'south the latest on DOGE regulations in 2021 and beyond.

Will there be a Dogecoin ban? (2021)

Dogecoin ban

There are no known plans to ban Dogecoin (DOGE) in the The states and much of the Western world. Some Asian countries already have a Dogecoin ban in place, yet, including China and Thailand.

It'southward impossible to say at this stage whether the USA and other countries volition follow Asia'southward lead when it comes to meme cryptocurrencies. Although Western governments could implement their ain Dogecoin bans, there's less precedence for it. That said, several US states are currently in the process of banning PC components. This is due to new energy regulations, and information technology'south no hole-and-corner that crypto mining is an enormous power draw that these states might desire to distance themselves from in the futurity.

That's just speculation, of course, though it does illustrate some footing to the ongoing concerns amongst cryptocurrency traders. Unfortunately, all that Dogecoin investors can exercise right at present is wait and see how the situation plays out. In the meantime, stay tuned to GameRevolution for any and all relevant updates.

Following a somewhat lengthy downturn, the cryptocurrency market recently began to recover. Crypto as a whole jumped by over ten% in a single solar day earlier this calendar week, with Bitcoin climbing 12% as a notable leader. This change of fortune is largely down to rumors that Amazon is implementing crypto payments starting later this year.

In other news, Facebook is halting Oculus Quest 2 sales. The VR headset's cream face cover is causing irritation to some users' skin, and so the visitor is offering complimentary silicone condom replacements to existing owners.