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JUST IN: 😵🤯 Tether to launch a stablecoin pegged to the UAE’s currency, the Dirham.
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Auto driver In India says he accepts cryptocurrency as payment An auto driver in Bengaluru is making waves on social media after a picture of a notice he put up inside his vehicle went viral. "We accept crypto currency," read a piece of paper stuck above the windshield. "Bro is transforming faster than most literate Indians," wrote Garima Sharma (@Garimaoo2) who shared the picture on X. The post amused a number of X users. "He must be attending those web3 hackathons in parallel I bet," wrote ctrus (@ctrus_move). "Bro knows more about web3 than I could ever know," added Apocalypse (@Apocalypse3007). A third user asked, "Can I pay with meme coins?" The new tax provisions came into effect from April 2022. In addition, a 1 percent tax deducted at source (TDS) was introduced on every transfer of such assets. Meanwhile, industry experts believe that the introduction of the crypto tax was a positive step that showcased India’s willingness to adopt a progressive approach, but now is time for the government to treat the crypto industry on par with other industries. They also have been demanding the government address the legality of such assets and its parity with others. A key benefit of investing in traditional assets such as stocks, gold and bonds is the facility to set off losses in an asset against gains in another during that particular year and carry forward unadjusted losses for future adjustments. But, the losses from one crypto asset can’t be adjusted against gains from another, and no carry-forward of losses is allowed. $BTC $ETH
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Lol....
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Invested absolutely everything he owned in #Bitcoin at $100, 11 years ago. $50,000 then, $28,000,000 today What. A. Legend 👏
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Major institutions have been flocking to crypto and more specifically, RWA Tokenisation, for a while now. Blackrock was the most public about this but they certainly are not the only one. Recently Goldman announced the creation of 3 new tokenised projects in 2024. This will continue to grow over the next 12 months. This will be the future of crypto and traditional finance.
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