Merchants must process BTC transactions — or they may face action says Salvadoran official
Despite the fact that businesses in El Salvador must accept Bitcoin transactions, a government official has stated that they have the option of choosing whether to take BTC or US dollars as payment for those transactions. On the day before the country’s controversial Bitcoin Law , which recognizes bitcoin as legal cash, went into effect, […]
Former RBI Deputy Governor pushes for cryptocurrency acceptance in India
According to a former Deputy Governor of the Reserve Bank of India, cryptocurrencies are taxable assets or commodities. In an interview with the Financial Times, the former Deputy Governor of the Reserve Bank of India (RBI) spoke out against the country’s financial and crypto ecosystems, stating that digital assets must be embraced. According to Rama […]
Australian firm Afterpay believes merchants can slash payment costs by utilizing crypto
Australia’s Senate was informed by Afterpay that the use of cryptocurrency might lower payment costs for merchants and that the government should seek to develop a framework for a stablecoin backed by the Australian dollar. Afterpay , an Australian buy now pay later (BNPL) company, believes that using cryptocurrency can help local retailers reduce payment […]