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Justin Sun Wants TRON to be a Legal Tender in Five Nations by 2023

This year, Justin Sun, TRON's creator, plans to get TRX, the cryptocurrency Tron uses, recognized as legal tender in five nations. Sun tweeted that while the target is "ambitious," he is "confident" in its attainability. In a different Twitter thread, he emphasized the need to seek beyond the United States

Indonesia to Introduce a National Crypto Exchange in 2023

On Jan. 4, the chairman of the Commodity Futures Trading Regulatory Agency of Indonesia (Bappebti), Didid Noordiatmoko, suggested that a crypto exchange should be set up this year. The change comes as a part of broader financial reform introduced in December 2022. In accordance with the change, the crypto monitoring will

Italy Govt Approves 26% Crypto-Gains Tax in 2023 Budget

According to Cryptoslate's reporting, on December 30, the Italian Parliament will begin collecting a 26% tax on gains from cryptocurrency trading of more than €2,000. According to Cryptoslate, this new rule will be included in Italy's budget for 2023. The budget defines a cryptocurrency as "a digital asset that can be

Will Cryptocurrency Become Regulated Financial Instrument in the UK?

On Tuesday, UK lawmakers voted in favor of officially recognizing cryptocurrency assets as regulated financial instruments and products. The Financial Services and Markets Bill, which covers the UK's economic strategy post-Brexit, was read by the House of Commons, Parliament's lower house, on Tuesday. Parliamentarian Andrew Griffith presented an amendment to the

Bill Proposed In Israel to Consider Bitcoin as Currency Not Asset

An Israel political party submitted a bill to the government legislative branch Knesset Recommending several changes to the Bitcoin taxation. The newly proposed bill calls out for amendment in the existing Bitcoin considerations wherein the cryptocurrency is viewed as an asset. The bill is submitted to the Israel government Knesset

Advantages and Disadvantages of a Central Bank Digital Currency

Nowadays Central Banks are paving towards creating their own digital currencies which are diametrically different from the idealogy that drives cryptomarkets that debases the authority over money. The central bank digital currencies endow with cash-like liquidity safety for peer-to-peer payments. The Central Bank digital currencies are traditional forms of money but

Congress announces financial relief for household and industries – Bitcoin may benefit in the long run

While COVID-19 has created mayhem worldwide, the US has announced some relief packages for those who are reeling under its pressure. Amidst such confusion, Maxine Waters, a Democrat Congressperson has announced that $2000 a month will be given to every adult and $1000 per month will be given to every

A $300 million series B fundraised by Bakkt led by ICE and other investors

The popular digital asset medium Bakkt belonging to the Intercontinental exchange has recently made it clear with an announcement that it intends to raise $300 million of additional capital on March 16th. Their official website had posted this message officially to inform the markets as well as ran updates about