The decision comes in the wake of news indicating its rejection by financial regulators and a withdrawal from markets, including Austria, Belgium, and the Netherlands.
Nearly 3% of the Bored Ape collection has been put up as collateral on the NFT lending platform BendDAO, and many NFTs have recently entered the 'danger zone' of being liquidated.
Sylvain Saurel, a French writer, claims people are afraid of Bitcoin because of the freedom and responsibility it grants. That being said, there is also a broader psychological issue at play.
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