Bitcoin withdrawn from exchanges can be deposited in the bank accounts. As of now, the bank does not provide any direct crypto-based services. Towerbank, one of the top banks in Panama, has now joined the list of “crypto-friendly banks” that have voiced their support for Bitcoin adoption. Initially, this information
Colin Wu, a China crypto reporter, said the Chinese government could implement even stronger restrictions or even ban stablecoins. Due to the collapse of the Terra network, China’s media source, the Economic Daily, has indicated that the Chinese government may impose even tighter restrictions on cryptocurrencies. The source described how
Tech industry contributes 9.3% to the US economy. 33257 Bitcoin (BTC) ATMs are installed in the nation. The United States is the largest base for numerous tech companies, making the nation the giant tech base. As per the report from CompTIA, an American trade association, the US tech industry raised
The IMF provided a fund facility of $45B to Argentina in May 2020. In March, the monthly inflation rose up to 6.7% in Argentina. Argentina’s inflation rates are spiking up at an alarming rate. As reported by INDEC, its national statistical agency, the inflation rate reached an all-time high at 55.1%.
The 30% Capital gains tax on crypto assets is effective in India from April 2022. Total estimated realized crypto gains by India in 2021 was $1.85B. On Wednesday, prominent representatives of the crypto industry met the Indian Parliamentary Standing Committee on Finance (SCOF) in Bengaluru. No significant details of the
Brazil, has been into various rumors and talks constantly when it comes to its crypto industry. True to the fact, Brazil is indeed one of the most highly active crypto users around the world. In spite of this, the nation’s decisions on crypto and Bitcoin (BTC) have been going on
South Africa soon to bring out new crypto regulations. Announced officially regarding the news. Mixed reviews among the citizens of South Africa. As the crypto regulations have so far played a major role in deliberating the crypto industry of a nation, new regulations and revised ones are also on the
Alexander Grigoryevich Lukashenko is a Belarusian politician who is serving the longest period as a European president. As a supporting act, the President newly signed a decree legalizing crypto related activities in the country. Thus, Belarus is seeking a growing appetite for cryptocurrency in the marketplace. To be more specific,
The regulations for cryptocurrencies from the Federal department of several countries have tightened. As an added country to the list of revised regulations, Russia has joined now as the central bank demands a crypto ban. According to the report revealed on Thursday, the central bank of Russia claims that the
OCC joins with the Feds for new crypto legislation. OCC to intervene more crypto firms and establishments as intermediaries along with the Federal Reserve. New report on digital currency to be out soon. The news regarding the upcoming new Digital Currency report is the mainstream topic these days amidst the
