Blockchain & crypto news from India
The crypto winter appears to be not going away soon in the new year. There is however some movement in the Bitcoin ATM industry. The concept of a Bitcoin ATM appears cool, and a way towards mass adoption in countries where it is legal. Such as El Salvador or The Bahamas. However, in top ranks…
A small handful of countries consistently rank among the top when it comes to rankings for being crypto-friendly to businesses. As 2022 nears its close, Singapore has emerged on top on various metrics, such as the number of crypto businesses, funds raised and activity of venture firms. Singapore was followed by the UK, Cayman Islands,…
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…
President of El Salvador Nayib Bukele received praises from the crypto world the previous year when he vowed to create a tax-free Bitcoin city on the nation’s coast, complete with geothermal energy for mining digital coins from a volcano in the near vicinity. To finance it, Bukele said a crowd of onlookers, the government would…
The government has come up with a new crypto bill to be introduced during the winter session in the parliament, namely the Cryptocurrency and Regulation of Official Digital Currency Bill. According to media speculation, the new bill will “forbid the use of all private cryptocurrency” but will provide some leverage on certain cryptocurrencies to promote…
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…
The first crypto ATM in Honduras opened this week as bitcoin investors ask for prompt demand for digital assets after neighboring El Salvador became the first nation to accept bitcoin as legal tender. The machine, locally named “la bitcoinera” enables users to get Ethereum and Bitcoin using the local lempira currency. It was set up…
In an event organized by the Blockchain and Crypto assets Council (BACC) of Internet and Mobile Association of India (IAMAI), the chairman of India’s Parliamentary Standing Committee on Finance, Jayant Sinha said that country’s bill will have a unique approach for crypto law. He assured that nation’s crypto policies will not be along the lines…
Ukraine is the 5th nation in as many weeks to lay down some regulations for the crypto market, an indication that governments worldwide are grasping that bitcoin is here to stay. In an almost concordant vote, the Parliament of Ukraine accepted a law that regulates and legalizes crypto. The bill was set in motion in…
In a world-first, bitcoin becomes a legal tender in El Salvador on Tuesday. This is a real-world experiment that proponents say will reduce commission costs for billions of dollars sent home from foreign countries but which critics alerted may boost money laundering. The plan led by the charismatic, young and famous president Nayib Bukele is…