Cryptos have gotten an entry into the Indian market; from the backdoor though! Today, while revealing the budget for 2022, the country’s finance minister, Nirmala Sitharaman, announced a 30% tax on all kinds of virtual assets, including cryptocurrencies. The country has an on and off relationship with crypto, which finally has come to an end. Along with that, the FM announced that the central bank of India, RBI, is working on a CBDC that is expected to be fully launched in 2023.
Ukraine, the country that recently legalized virtual financial assets in the hope to attract a global clientele base, may now be not a good option for investors due to the 100,000 Russian troops that have amassed the country, icing out the country’s ambitious crypto-related plans. Cofounder of NEAR Protocol, Illia Polosukhin, has commented that the border tension is increasing the risk that isn’t very safe for people.
On the other side of the world, Nayib Bukele, the president of El Salvador has predicted that there will be a “gigantic price rise” for Bitcoin.
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