In June 2020, FATF up to date its steerage to include the "Travel Rule" for cryptocurrencies, a measure which mandates that VASPs obtain, hold, and exchange information in regards to the originators and beneficiaries of virtual asset transfers. Facebook tries to police inaccurate data and pretend Libra web sites on its platform. YouTubers, memes, activists, white supremacists, and police taking pictures victims. On 18 May 2021, China banned financial institutions and cost firms from being in a position to provide cryptocurrency transaction related services. On 9 June 2021, El Salvador introduced that it will adopt Bitcoin as legal tender, the first nation to do so. On 17 February 2022, the Justice department named Eun Young Choi as the first director of a National Cryptocurrency Enforcement Team to help in identification of and coping with misuse of cryptocurrencies and different digital belongings. For example, over one week in May 2022, Bitcoin lost 20% of its worth and Ethereum lost 26%, whereas Solana and Cardano misplaced 41% and 35% respectively.