Bitcoin won’t be accepted as currency, says Finance Minister

On Monday, Nirmala Sitharaman, Finance Minister said that the central government has no intention to accept Bitcoin as legal tender in India. Responding to whether the government is aware that Bitcoin transaction is quietly flourishing in the country in recent years, FM said that the Centre doesn’t gather any info on Bitcoin transactions in the…

El Salvador aims $1 billion in tokenized Bitcoin bonds

In the beach town of Mizata, President Nayib Bukele announced to a crowd of cheering Bitcoin lovers that El Salvador plans to issue the world’s first sovereign Bitcoin bonds and create Bitcoin City, which will be free on property, income and capital gain taxes. While sharing the stage with the President, the chief strategy officer…

Prime Minister Narendra Modi warns ‘young’ crypto users in India

On Thursday, in his first public comments on cryptos, PM Modi cautioned that bitcoin presents a risk to younger generations as his government gets ready to introduce legislation to regulate digital currencies. The PM’s warning comes days after he had discussions on how to step ahead regarding crypto in India, with problems raised on unregulated…

Salman Khan introduces the first social token of India – GARI

With Bitcoin prices surging like never before, crypto mania appears to be sweeping the whole country. The Bollywood industry has also become a part of the same to introduce NFTs (non-fungible tokens) or advertise crypto platforms. The current newcomer in the block is Bollywood superstar Salman Khan. The megastar has currently launched GARI – India’s…

Bitcoin takes on gold for Diwali, Bollywood celebs come in support

Prior to Diwali, two of the leading stars of Bollywood are setting up another alternative during India’s annual gold shopping spree: cryptos. Two of the prominent crypto platforms in India have each tapped Bollywood stars – one, Amitabh Bachchan, the most prominent Indian actor of all time – to foster cryptos as a simple and…

AMC Entertainment started accepting Dogecoins for purchasing gift cards

On October 6, US-based AMC Entertainment Holdings declared to accept online payments in Dogecoin for buying AMC theatre digital gift cards. Adam Aron, CEO addressed Dogecoin users on October 6 in a tweet mentioning the good news that will enable them to purchase digital gift cards with Dogecoins and other cryptos up to $200 daily…

Indonesia to regulate cryptos rather than prohibiting like China

Muhammad Luthfi, the Indonesian Minister for trade confirmed to the local media about reinforcing cryptos regulations instead of banning it like China. He said that Indonesia will concentrate on making the crypto market less prone to unlawful activities. The statement from the Indonesian minister comes posterior to the fabulous growth recorded by local exchanges in…