Visa to enable Crypto purchases, strict laws in India and Signal accepts Bitcoin donations
Visa to enable Crypto purchases with Credit Card
Visa is making important moves ahead to get closer to the rapidly evolving crypto payments industry. In the latest podcast with Fortune’s Leadership Next, Visa CEO Al Kelly talked about the company’s plans on digital currencies.
The payments giant hinted that the company might soon initiate the facility to make crypto purchases via credit cards. During the interview, Kelly said:
“We’re trying to do two things. One is to enable the purchase of bitcoin on Visa credentials. And secondly, working with bitcoin wallets to allow the bitcoin to be translated into a fiat currency and therefore immediately be able to be used at any of the 70 million places around the world where Visa is accepted.”
Kelly further noted that cryptocurrencies could potentially become the new payment vehicles, especially in emerging markets. On the other hand, Visa has been putting an increasing focus on the use of stablecoins.
India to propose cryptocurrency ban, penalising miners, traders
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters.
The bill, one of the world’s strictest policies against cryptocurrencies, would criminalize possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.
It would give holders of cryptocurrencies up to six months to liquidate, after which penalties will be levied, said the official, who asked not to be named as the contents of the bill are not public.
Encrypting messaging platform Signal is now accepting crypto donations
Signal, the startup behind the cross-platform encrypted messaging app, is now accepting donations in cryptocurrency.
All crypto donations made to the app will be processed through The Giving Block, a donations platform for charities, universities, and nonprofits. Users can donate in BTC, ETH and LTC, among other cryptocurrencies.
According to Signal, if users based in the United States want to receive a tax deduction for their cryptocurrency donation, they have the option to provide an email address to receive a tax receipt. Users can also choose to donate anonymously.
Source: The Block
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