Master Data Services Add-in for Microsoft Excel, error on connecting to MDS Repository/Server

The Master Data Service is configured to have access via https protocol.
The MDS website is working with https without any issues.

But, when you try to connect to MDS Server(MDM Repository) in Excel

you get the error below:

TITLE: Master Data Services Add-in for Excel
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An error occurred while making the HTTP request to https://[ServerName]/MDS/service/service.svc/bhb. This could be due to the fact that the server certificate is not configured properly with HTTP.SYS in the HTTPS case. This could also be caused by a mismatch of the security binding between the client and the server.
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ADDITIONAL INFORMATION:
The underlying connection was closed: An unexpected error occurred on a send. (System)
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Unable to read data from the transport connection: An existing connection was forcibly closed by the remote host. (System)
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An existing connection was forcibly closed by the remote host (System)

This issue was related to TSL 1.2 settings.
To solve it, you need to set the .Net to work with strong cryptography
By setting/adding the SchUseStrongCrypto registry setting to DWORD:00000001

[HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\.NETFramework\v4.0.30319]
"SystemDefaultTlsVersions" = dword:00000001
"SchUseStrongCrypto" = dword:00000001 

The software versions in our case:

• Windows Server 2019 
• Excel 2019 
• Microsoft SQL Server 2017 (RTM-CU15) 
• Master Data Services 14.0.10000.169 

The source reference:

https://social.msdn.microsoft.com/Forums/vstudio/en-US/ba004936-df44-4184-bd1a-9e059a866e48/master-data-service-with-excel-2013-error?forum=sqlmds

https://docs.microsoft.com/en-us/sccm/core/plan-design/security/enable-tls-1-2