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 […]
El Salvador’s official Bitcoin wallet Chivo to be launched with the help of Bitso
Bitso, a Mexican cryptocurrency exchange, has been revealed as a key partner for El Salvador’s government-issued Bitcoin wallet. Chilean cryptocurrency exchange Bitso , a key player in the Latin American cryptocurrency market, will serve as the primary crypto service provider for El Salvador’s official Bitcoin (BTC) wallet, known as Chivo. Coinciding with Bitcoin becoming legal […]
El Salvador celebrates ‘Bitcoin Day’ on September 7th, as BTC becomes legal tender
Since the state’s BTC wallet systems are down, El Salvador’s Bitcoin Day is plagued by operational difficulties. Three months after El Salvador’s parliament enacted the landmark legislation, the country’s Bitcoin Law is officially in effect as of September 7. The Central American country has become the first to recognize Bitcoin (BTC) as legal cash, according […]
Visa plans to incorporate Bitcoin payments in Brazil
The CEO of Visa Brazil explains intentions for integrating cryptocurrencies such as Bitcoin into the company’s payments systems. Eduardo Abreu, Vice President of new business at payments giant Visa , revealed the company’s intentions to integrate crypto assets onto its platform for both payments and as a store of value, including the leading cryptocurrency Bitcoin, […]