Trump approves cryptocurrencies..!? Will india follow recognize..?

The government led by President donald trump in the united states has announced that cryptocurrency will be included in the new US strategic currency reserve. This announcement by the trump administration has created great confidence among crypto investors. As for trump, he has a supportive stance towards cryptocurrencies. That is why the value of cryptocurrencies increased many times when the US presidential election was held last year and trump won the election. Especially on january 20, the day trump was inaugurated as the US President, Bitcoin reached an all-time high.
While the value of Bitcoin had been falling for the past few days, this announcement by donald trump has once again given confidence to Bitcoin investors. Through this, the US government is going to create a reserve for Bitcoins. The US government will collect Bitcoins that can be seized in various criminal and civil cases in this reserve. Unlike traditional cash reserves, the government will not sell anything from this Bitcoin reserve and instead will store it for a long time. In addition to Bitcoin, the US government has created a reserve for wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currencies called the U.S. wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital Asset Stockpile. This also includes cryptocurrencies including Ethereum, Solena, and XRP.
By starting to collect cryptocurrencies as reserves, the government will not need to spend money to buy Bitcoins in its treasury, while the government's Bitcoin reserves will also increase. It has also been reported that every department that operates under the US government will have to submit details of the cryptocurrencies, including Bitcoins, that they seize to this wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital Asset Department. Following this announcement, the value of cryptocurrencies, including Bitcoin, increased many times in the crypto market. With this decision of the trump administration, it is seen that the US government has given recognition to crypto currencies like Bitcoin. The possibility of other countries following suit has increased. This will increase the value of such wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital currencies. The government in india does not recognize cryptocurrencies but imposes income tax on individuals on profits made through crypto.
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Sowmiya Sriram

07/03/2025 05:04 PM