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Bad News For Bitcoin Fans, China Stiff On Crypto Payments

Bad News For Bitcoin Fans, China Stiff On Crypto Payments

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Chinese City Cracks Down On Bitcoin Mining

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Crypto Users Now Dominate The Online Gaming And Betting Market

Crypto Users Now Dominate The Online Gaming And Betting Market

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India’s Enforcement Directorate (ED) Issues Notice To The Country's Biggest Crypto Exchange Over Allegations Of Money Laundering

India’s Enforcement Directorate (ED) Issues Notice To The Country’s Biggest Crypto...

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Is the Market Going To Come Out Of The Bear Phase Soon?

Is the Market Going To Come Out Of The Bear Phase...

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El Salvador Becomes The First Country To Legalize Bitcoins El Salvador has become the first country in the world to legalize cryptocurrency. The central American nation confirmed that Bitcoin will now be a legal tender in the country. On Monday, earlier in the week, the EL Salvador Congress voted in the majority to approve President Nayib Bukele’s daft proposal to provide Bitcoins with a legal sanction. Commenting on the development, the president said “With 62 votes, the legislative plenary session approves the #LeyBitcoin with which El Salvador adopts the #Bitcoin as legal currency." In a tweet, defending the decision, President Bukele also said that legalizing Bitcoins will bring “financial inclusion, investment, tourism, innovation and economic development for our country." Following the approval from congress Bitcoin will start becoming a legal tender just like other fiat currencies, in the coming 90 days. The news of legalization broke out at the recently held Bitcoin conference where a message from the president confirming the news was played. The president says that this decision will provide that much-needed boost to the country’s dilapidated economy. He said that even if 1% of the Bitcoin were invested in the country, their GDP would grow by at least 25%. He also said that in the short term legalizing Bitcoin will also help to create more jobs in the country. “In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy and in the medium and long term we hope that this small decision can help us push humanity at least a tiny bit into the right direction,” the president said.

El Salvador Becomes The First Country To Legalize Bitcoins

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Google Green Signals Crypto Exchanges And Wallet Adverts

Google Says Yes To Adverts From Crypto Exchanges And Wallets

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A Positive News For Crypto Investors Comes From India

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Singapore’s DBS Bank Issues Digital Bond Worth $11.3 Million In STO

Singapore’s DBS Bank Issues Digital Bond Worth $11.3 Million In STO

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