Blockchain & crypto news from India
On Monday, financial authorities in Mexico told that crypto assets aren’t legal tender and aren’t considered currencies under current laws. The authorities further cautioned financial institutions that operate with them are subject to sanctions. The joint statement by banking regulators, the Bank of Mexico and the the Bank of Mexico after Ricardo Salinas Pliego, a…
Encountering hostility from the World Bank, opposition parties and IMF to his stand to make bitcoin legal tender in EI Salvador, President Nayib Bukele has promised $30 for each netizen who endorse the crypto. Began by Bukele, this month EI Salvador’s parliament accepted a law to allow the crypto money to be accepted as tender…
After EI Salvador’s remarkable stand to adopt Bitcoin as a legal tender, things are appearing brighter back home in India for crypto-lovers. Top sources monitoring the industry informed that the government has a change of mind from its previous hostile attitude towards digital currencies. It will most probably consider Bitcoin as an asset class in…
Nayib Bukele, President of EI Salvador has offered incentives for the crypto community including immediate permanent residency for crypto entrepreneurs and bitcoin investors won’t face any capital gain tax. This has attracted attention from entrepreneurs and investors alike. All this followed his latest announcement to make Bitcoin a legal tender in the nation. Bukele retweeted…