As the cryptocurrency craze is increasing in the world, on the other hand, many countries are showing interest in recognizing this as a legal tender. At first, El Salvador recognized bitcoin as an official currency, then now another country has joined the club. Despite having gold and diamond reserves, the Central African Republic, which is counted among the poor countries, has also adopted it as a currency.
Decisions are taken in the interest of citizens
According to the report, the government of the Central African Republic on Wednesday approved bitcoin as an official currency. Significantly, a bill was introduced in the Parliament here to adopt cryptocurrency as a currency, which was adopted unanimously. According to a statement issued by the office of the country's President Faustin Archangel Toudera, this decision has been taken to improve the lives of the citizens of the country. The country's president, which has been hit by violence for a long time, has supported the bill, saying that this step will help improve the standard of living of the country's citizens and will open the door to huge opportunities for the Central African Republic.
El Salvador took steps in 2021
El Salvador is the first country in the world to recognize bitcoin as a currency. It was adopted here on 7 September 2021 last year. Not only this but discussions about building a bitcoin city in the country had also come to the fore. According to the report, to rollout this decision, El Salvador bought 400 bitcoins, which at the time were worth around $21 million by trading price. At the same time, despite the decline in its price, it is touching the sky.
Cuba also included in this list
After El Salvador, Cuba became the only country that has decided to legally recognize cryptocurrencies. On the one hand, there is a right-wing government in El Salvador. According to the Cuban government, the Central Bank of Cuba can now authorize the use of cryptocurrencies for socio-economic purposes.
Canada-Israel is also in favor
According to a report, the Canada Revenue Authority (CRA) generally treats cryptocurrencies as a commodity for the country's Income Tax Act. Israel has included virtual currency as a financial asset under its Financial Services Act. In Israel, a 25 percent capital gains tax has been imposed on cryptocurrencies as a financial asset. Germany considers cryptocurrencies as a financial instrument.
license is required in Thailand
Thailand is also included in the list of these countries. Here a license is required to do business in digital assets. Let us tell here that most of these countries have not considered cryptocurrencies as legal tender, but these countries are aware of how much value they have today. Therefore, they consider them as a medium of exchange or units of account.
Also Read: Good news India's direct tax collection breaks records, reaches a high of Rs 14 lakh crore
IND vs ENG: Kohli can leave Sachin behind in this matter during the ODI series, keep an eye on 19-year-old record
Indian team's star batsman Virat Kohli can register a special achievement in his name during the three-match ODI series against England. This 36-year-old batsman will have a chance to score 14000 runs
Pakistan Food Crisis: What happened in Pakistan? Tomato is being sold at Rs 500 a kg, onion at Rs 400 a kg
India's neighboring country Pakistan has been going through a crisis for the last few months. Due to political upheaval, the country is also struggling on the economic front. Now the country is also
Dera's reply to Delhi Commission for Women Chairperson: A conspiracy is being hatched against Ram Rahim; Maliwal had accused of intimidation
Dera Sacha Sauda Management has given a reply to Swati Maliwal, chairperson of the Delhi Commission for Women. Dera says that no follower of Dera Mukhi Ram Rahim has threatened Maliwal. Some people
Vehicle Prices: Vehicle prices may increase, investment will be made in meeting emission norms
The prices of passenger and commercial vehicles are expected to increase in the coming times. Automobile companies are planning to invest heavily to meet the stricter emission norms. This norm is to
Ram Mandir: 22 January should be declared a public holiday on the day of Ram Mandir Pran Pratistha, The Sant Committee wrote a letter to PM Modi
The festival of consecration of Lord Shri Ram at his birthplace is the most sacred historical moment. So that all followers of Sanatan Dharma can witness that moment on that day in the spirit of the
Pali Sansad Khel Mahakumbh: PM Modi wishes Pali Sansad Khel Mahakumbh, says- Budget of February 1, 2024, dedicated to the youth of the country
Pali MP Khel Mahakumbh is going to be organized at Bangar Stadium in Pali City on Saturday. More than 10 thousand players will take the field in this. On this occasion, Prime Minister Narendra Modi
PM Modi: PM Modi inaugurated many metro projects; the Country's first underwater metro was also inaugurated
Prime Minister Narendra Modi on Wednesday inaugurated several metro projects in the country. This also includes the country's first underwater metro line in Kolkata. During this, the Howrah
Protest against Deepika's saffron bikini in Besharam Rang song: First bikini was seen in 7600 year old goddess painting, most expensive bikini worth 190 crores
Deepika Padukone has courted controversy for wearing a bikini in the song Besharam Rang from the film Pathan. He is being accused of spoiling Indian civilization. The reason is her wearing an orange
Wrote ORIG to Orange, PON to Pawan, officers were stunned to see such English of the headmaster
These days there is a discussion of a Guru Ji in Bihar, who is in the headlines for his knowledge of Hindi, English, and Mathematics. When the inspector who came to inspect the school caught sight of
IPL Auction 2025 Streaming: What time will the auction start? On which TV channel and mobile app will it be live? Know everything
The bugle for the 18th season of the Indian Premier League i.e. IPL 2025 has been blown. The mega auction of the 18th season will be held two days later. The mega auction of IPL 2025 will be held on
