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Which of the following statement concerning cryptocurrencies is incorrect? Mining of cryptocurrency involves the collation of account ledgers by a centralised authority. The high return

Which of the following statement concerning cryptocurrencies is incorrect?

Mining of cryptocurrency involves the collation of account ledgers by a centralised authority.

The high return of cryptocurrencies comes at a price of high risk.

Cryptocurrencies are used as a medium of exchange.

There is no regulation/political risk associated with cryptocurrencies as they are not issued by governments around the world.

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