Bhutan has become the 4th largest country in crypto investment.

Hello friends, how are you all ,Today we are going to talk about Bhutan, which has surpassed India in crypto investment.

Bhutan becomes the fourth-largest Bitcoin holder.
Bhutan, a small Himalayan country, has quietly emerged as a major player in the Bitcoin market. According to a Firstpost story, Bhutan has become the world's fourth largest bitcoin holder, with $780 million in assets. Countries such as the United States and the United Kingdom rank highest in this regard. Bhutan has maintained almost one-third of its GDP in digital currencies such as bitcoin. Bhutan earned these bitcoins through renewable hydropower eco-friendly mining, which is overseen by the country's state-owned corporation Druk Holding. Bhutan wants to raise its mining capacity to 600 megawatts by 2025 through a partnership with BitDeer.

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In India, the government has yet to officially acknowledge cryptocurrency as a digital money. However, the Indian government has no issues with its trade. The Indian government feels that cryptocurrency can help bolster unlawful businesses. Terrorists who use this cash to conduct transactions can jeopardize national security.How did India prevent the cryptocurrency culture from flourishing.

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Although cryptocurrency has been traded in India for a long time, its popularity grew significantly two years ago. Advertisements for bitcoin apps began to appear on television. Two years ago, the Indian government levied high tariffs to discourage cryptocurrency. The Indian government placed a 30% tax on cryptocurrency profits. Along with this, 1% TDS was applied.

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