Government may ban the use of cryptocurrency for transactions

India is thinking of not likely going ahead with cryptocurrency, for doing transactions or making payments. However, one can invest in cryptocurrency and held them like assets, the same way how people do investments in gold, shares and bonds. As per the reports, Indian government authorities may still not put a complete ban on crypto….

US-based crypto exchange enters India; early users to get Rs. 500 in Bitcoin

Cross Tower, one of the world’s leading trading and digital asset investment companies, announced the launch of its crypto trading platform in India. Cross Tower said in a statement that the platform has been developed in a systematic manner on a scalable, robust and resilient infrastructure with best-in-class services, safeguards and capabilities. Cross Tower is…

EI Salvador president offers permanent residency to cryptocurrency entrepreneurs

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…

Amid the Coronavirus pandemic, donors use crypto for philanthropy

A tweet from Sandeep Nailwal on Saturday started all this. “Can’t take this sitting down anymore, I am going to run a Covid relief campaign… Need help from the global crypto community. I will take full responsibility for transparency, funds’ usage, and regulatory compliance”. COO and co-founder of Polygon Sandeep Nailwal has asked to donate…