As cryptocurrency becomes a crucial factor in the global investment landscape, many countries have taken different approaches to regulate this new asset. As a result, no nation, including the US, Japan or the EU nations have a single and clear regulatory framework around crypto-related activities. The assorted regulations in different countries means that cryptocurrencies are subject to different global standards of classification and tax regimes. 

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After years of ambivalence, India took a decision on cryptocurrencies this year. As mentioned by the Finance Minister Nirmala Sitharaman in her Budget speech, the Reserve Bank of India plans to launch its digital currency starting April 1st 2022. The budget also highlights a 30% tax on the income from the transfer of virtual assets. The launch of a digital rupee is expected to lead to a cheaper and more efficient currency management. A majority of Indian investors are keenly awaiting the Reserve Bank of India’s step-by-step implementation strategy for the launch of cryptocurrencies, which could eventually minimize the nation’s high dependence on cash. 

 

PNP Coins are provided with a regulatory framework, an adequate pool of liquidity and the participation from a wide range of well-established market participants. This adds to their status of a unique and well-established asset class – that is capable of revolutionizing the crypto sector. 

 

The Helios group, who are the pioneers behind the launch of the DAX, have already gained the first-mover advantage. The sixth stage of the Initial Coin offering (ICO) has been completed recently, with 78 percent of the allotted tokens sold. The limited number of PNP tokens at the time of listing ensured the creation of a rapidly increasing demand, with significant investments expected from HNIs (High Net Worth Individuals) and capitalists. The revenue from the PNP Coin's listing will be directed to Helios DAX Crypto Exchange. The Helios group is committed to offer an easy-to-operate user interface that has been developed using their in-house and patented Artificial Intelligence(AI) technology, hence users can expect minimal errors or lapses. 

 

Bitcoin’s value reached a record high in November 2021, but thereafter nose-dived at an alarming rate. While experts predict a recovery phase for Bitcoin this year, Helios are optimistic about reaching their target of 1% of bitcoin's price by the year 2023– enabled by this new and regulated crypto exchange- the Helios DAX! 

 

Hash tags: #pnpcoin #regulatedcryptocurrency #HeliosDAX #regulatedcryptoexchange #helios 

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(Brand Desk Content)