Explained: What El Salvador legalising Bitcoin means for India


303094



One implication that is relevant to India is the impact this could have on remittances. Remittances make up close to 20% of El Salavador’s GDP with flows approximating $6 billion annually.

Bitcoin banners are seen outside of a small restaurant at El Zonte Beach in Chiltiupan, El Salvador June 8, 2021. (REUTERS)

Written By Tanvi Ratna

Not a precedent for monetary policy



Read More at India Express


Like it? Share with your friends!

303094

What's Your Reaction?

hate hate
9132
hate
confused confused
3044
confused
fail fail
13698
fail
fun fun
12176
fun
geeky geeky
10654
geeky
love love
6088
love
lol lol
7610
lol
omg omg
3044
omg
win win
13698
win
9jaheadies

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format