Blockchain & crypto news from India
The largest bank in the nation, Banco Galicia will enable its clients to make investments in Bitcoin and other cryptos. Whereas on the other hand, Brubank, another Argentine bank that operates online, declared that it will also offer cryptos. The rollout of crypto associates services by both financial entities started on Monday, May 2nd. On…
Argentina’s largest bank has adopted crypto and will enable its customers to start trading four crypto assets containing Bitcoin through their accounts at the bank. Argentina’s most prominent and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases. A report shows that 60% of respondents to an Argentinian…
Warren Buffet has always been skeptical of the bitcoin cryptocurrency. But the billionaire investor had his most harsh words yet for the cryptocurrency over the weekend. Buffet made it clear that his opposition to crypto has nothing to do with whether people can make money trading bitcoin. Instead, Buffett’s opposition is purely on principle because…
After the encrypted messaging app Telegram earlier gave up on its token; it now fosters cryptocurrency payments. As per the Protocol, the addition can make cryptocurrency payments on messaging platforms more mainstream. The TON Foundation, which controls the toncoin token, has allowed fee-free payments, sending cryptocurrency to other users, and using toncoin (TON) in the…
While addressing an event at Stanford Medicine, Nirmala Sitharaman, the finance minister of India said that India won’t hurriedly finalize a policy on cryptos and virtual digital assets. Rather, the country will make an informed decision after due deliberations across multilateral fora. At a fireside chat organized by the University, the finance minister said while…
On Tuesday, crypto exchange Binance said that it has introduced a card for users from Ukraine who have escaped their nation due to invasion by Russia, saying the blockchain-based currency is an efficient medium for meeting emergency financial requirements. The Binance Refugee Crypto Card is free and is for all existing and new Binance users…
The Central bank in Cuba has acknowledged the use of cryptocurrencies. Experts believe this move could help the Communist-run Caribbean Island bypass U.S. sanctions. Cryptocurrencies, which allow financial transactions to be carried out anonymously in a decentralized manner, have been used to get around sanctions and make payments and transfers more efficient. However, organizations and…
Fidelity to enable investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to do so. Employees won’t be able to begin adding cryptos to their nest eggs directly, but later in 2022, the 23,000 firms that utilize Fidelity to administer their retirement plans will have the alternative to put bitcoin…
After El Salvador, Lugano, and Honduras Prospera, the Central African Republic, a significant economic zone in the Latin American country, has also passed a law to accept Bitcoin as legal tender. The National Assembly unanimously released the bill which would make cryptocurrency legal tender in the country. Calixte Nganongo, minister of finance and budget, and Gourna…
After the adoption of the new crypto tax law, the volume of trading on major Indian crypto exchanges has dropped. Info gathered by a Mumbai-based research organization Crebaco and a crypto data generator Nomics revealed this. On April 1, the new tax law became effective. All profits from crypto trading in the nation will be…