Economics of bitcoin Current Affairs, GK & News

El Salvador: First country to formally adopt bitcoin as legal tender

El Salvador has become the first country to formally adopt bitcoin as legal tender.  Proposal to legalise cryptocurrency was put forward by President Nayib Bukele which was later approved by Congress. Highlights Even though there were concern regarding potential impact of legalising cryptocurrency on El Salvador’s program of $1 billion with International Monetary Fund, proposal was passed ..

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Pluto Exchange launches India’s first bitcoin trading app

Pluto Exchange will launch the India’s first bitcoin trading app for transacting in virtual currencies. The Pluto Exchange mobile app offers a solution to the coordination problem between payment processors, financial gateways and banks. Pluto Exchange will enable transactions using mobile numbers only. With this, by using a four-digit personal identification number (PIN), users can ..

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