The country has become the first in the world to classify the cryptocurrency as legal tender.
El Salvador has just officially approved a proposal made by President Nayib Bukele to grant legal tender classification to Bitcoin in the country, opening up new mobile payments opportunities in the country.

A majority of the country’s lawmakers chose to vote in favor of the initiative earlier this week.
The digital and mobile payments move in the country created a new Bitcoin law that formally accepted the cryptocurrency as legal tender in the country. This passed despite the concerns voiced regarding the potential impact it could have on El Salvador’s program with the International Monetary Fund.

“Wit ... Read more »

Category: News | Views: 191 | Added by: danyagames2007 | Date: 11.06.2021 | Comments (0)

According to a report by the New Indian Express on June 11, the Indian government’s negativity towards bitcoin (BTC) might be turning around. Instead of an outright ban, insiders report that India will move to regulate cryptocurrencies instead. 

Backpedaling on bitcoin
The report states that the Indian authorities have scrapped their plans for a total ban and will instead move to classify cryptocurrencies as an alternative asset class. India’s Parliament will soon debate a comprehensive regulatory bill during the Monsoon Sessions that kick off at the end of July. The article states that an expert panel will be formed by the finance ministry to study protocols for regulations. Their findings will form part of t ... Read more »

Category: News | Views: 215 | Added by: danyagames2007 | Date: 11.06.2021 | Comments (0)