In the biggest GST rejig yet, tax rates on around 178 items, ranging from chewing gum to beauty products were shifted from the top tax bracket of 28 per cent to 18 per cent.
It is often a topic of discussion about Bitcoin’s place in the developing world. In the developing world, only 41% of people have bank accounts compared with 89% in the developed world. Within developing nations, cash is king and has been for many years. Most individuals in these nations won’t have experienced the modern forms of banking that the developed world are used to and any change to this would require a gradual introduction of change to ensure an efficient deployment. However, people in developing nations now have a chance to skip the current banking infrastructure we have in place and move straight towards a trustless, decentralised and immutable financial system. One of the major reasons as to why India is perfect for the Bitcoin revolution is due to their population’s lack of banking infrastructure. India is the 7th largest economy in the world, based on their nominal GDP of $2.5 trillion. However, there are 233 million people in India who do not have a bank account, w...
Comments
Post a Comment