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Per the law, the bill will return to Paraguay’s legislature for further deliberation. There, the lawmakers will reconsider the proposal and decide on the next line of action.
Meanwhile, the Mendoza Tax Administration is not the only government considering crypto support for tax payments.
Before the announcement, experts noted that Japan lacked a crypto-friendly environment to help Japanese crypto start-ups thrive in the nation.
According to Chief Executive of Bitcoin Depot, Brandon Mintz, the firm made record sales and earnings in the second quarter.
CEO of Novartis noted the spin-off will allow the company to concentrate on building an innovative medicine company.
Current NFT financialization practices are along five verticals: NFT aggregation, fractionalization, lending, pricing, and rental.
It is said that Nike’s success at NFT sales is traceable to its acquisition of RTFKT studios.
Nigeria launched its Central Bank Digital Currency, the eNaira, in October 2021, becoming the first African country to do so.
Following the announcement, the price of EOS shot up by over 20%.
To aid adoption, the government has also been rolling out incentives in different provinces, including reduced ticketing costs and shopping prices when paying with the e-CNY.