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Showing posts from August, 2022

Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa

It is known from a tweet that  Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa, it is really a verry surprising and unbelievable for every one United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via the recently added new feature known as “Send Globally.” The new feature instantly converts the funds to local currencies prior to moving them to recipients’ respective bank or mobile money accounts. The High Cost of Sending Funds to Africa According to Strike, a digital payments platform built on Bitcoin’s lightning network, a feature recently added to its platform now enables instant and low-cost payments to Africa. Known as “Send Globally,” the feature — currently available to United States-based users — applies to payments sent to Ghana, Kenya, and Nigeria. As the digital payments firm’s Dec. 6 press statement explains, the use of

Is Bitcoin invest safe in 2022 ?-Is Bitcoin Investment Legal in India under 2022 ?-Bitcoin latest news

 Is Bitcoin Investment Legal in India under 2022 ? In 2018 the government of India and RBI means Reserve Bank of India has banned cryptocurrency, after that the case went to the supreme court and the supreme court declared that the cryptocurrency investment or trading to be legal but it's not works as a legal currency. In 2022 finance minister Nirmala Sitharaman virtually gave legal sanction to all cryptocurrency in the country by labelling them as "  digital assets" and not currency and  taxing income gains from there transaction at a high 30% Indian investor have put around RS 45000 crore in private cryptocurrency. How will the tax be deducted? Finance Minister Nirmala Sitharaman announced that all cryptocurrencies, including Bitcoin, will pay a 30 percent tax on dividends to the government. In addition to a 1% TDS that will be charged on payments made using digital assets in order to keep a track on transaction. What has been said by RBI(Reserve Bank of India) ? RBI of