The Crypto Craze Is Becoming Impossible To Stop, Bitcoin Chief, Gaius Reveals As India Plans To Launch Digital Currency, Tax Cryptocurrencies

 

The popular Blockchain Entrepreneur had expressed excitement upon hearing the news that India would begin taxing profits earned on cryptocurrencies, even as he sought to know what his followers are doing about the 'Crypto craze', Pokovirtuousblog can report.

Invented in 2008 by an unknown person identified as Satoshi Nakamoto, as a way for people to control their money themselves, the virtual currency which is secured by cryptography, can be used to buy and sell things - store and grow value too.

Today, there are over 1,583 cryptocurrencies in the world: Bitcoin, Litecoin, Ethereum, among others. The digital currency which is increasing in global acceptance day in day out, boasts of over 300 million users worldwide, plus well over 18,000 businesses are already accepting cryptocurrency payments.

In a post on his Instagram handle yesterday, African Crypto Influencer, Gaius Chibueze Ngene, expressed excitement upon hearing the news that India's Narendra Modi is looking at launching a digital currency [digital rupee] next year, and also begin taxing profits earned on cryptocurrency - the country had placed a ban on crypto last November.

In the missive, the Tatcoin founder stated that he would that America emulate them in this regard, just as he asked his followers to seize the opportunity to become financially independent (that cryptocurrency trading brings).

"INDIA HAS RECOGNISED CRYPTO AS LEGAL, WHY I THINK AMERICA IS NEXT!

The news came today that India is recognising crypto and it's trading as legal and asking for a 30% TAX on crypto gains! This is what I expect every smart country to do at this point where the crypto craze is becoming impossible to stop!

"Do you know that Compared to 2018, older consumers have begun to back crypto at much faster rates? In the U.S., consumers over 35 years old makeup nearly half (47%) of those who expect to invest in cryptocurrency in the next 6 months.

"For many of these current and potential investors, crypto offers a new way to handle their finances, and many also find that the financial freedom of crypto has liberated them from the rigidity of traditional banking.

The truth is that a few years from now, despite the Volatility, crypto will go mainstream and the question is “HAVE YOU POSITIONED YOURSELF”?

#TATCOIN #BITCOIN #REALESTATE #INTERNET #MOGUL"

Source: https://pokovirtuousblog.com.ng/