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Cryptocurrency has become the latest buzzword, and for good reason. Over the years, this digital currency has catapulted the interest of investors as well as governments alike. It has the potential to shake markets and change the investment landscape. Bitcoin, which traded at USD 0.0008 in 2010 jumped to almost USD 65,000 in April 2021. Many cryptocurrencies have been introduced and have reached levels, none could have predicted.

No wonder, countries all over the world have taken different approaches to regulate this new asset. However, most are yet to understand how crucial cryptocurrency has become in the global investment landscape. 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 mean that cryptocurrencies are subjected to different regulations, based on varying global standards of classification and tax regimes.

Adopting a regulatory framework in India

After years of deliberation, the Indian government has finally made a decision around how cryptocurrencies will be treated in the country. In the recent budget speech on February 1, 2022, Indias finance minister Nirmala Sitharaman announced that the countrys central bank will issue Central Bank Digital Currency (CBDC), this fiscal year, which is the period between April 1 and March 31. She added that a 30% tax will also be levied on the income from the transfer of virtual assets.

The launch of CBDC is expected to make digital currency more efficient. Investors are keeping a close eye on the rollout by the Reserve Bank of India, in anticipation that the CBDC will reduce India's dependence on cash. It will also create an organised mechanism for the use of digital currency in the country.

Other countries have their regulations but a global standard mechanism has been missing. The high volatility of cryptocurrency due to unclear rules has often worried the investors, distancing them from large investments.

For instance, the value of Bitcoin reached a record high in November 2021 but tumbled at an alarming rate. Crypto pundits expect a gradual recovery this year. What investors require is a shield from such volatility along with decent returns.

How can PNP coin come to your rescue?

While there are several channels of cryptocurrency that exist, PNP coin will address most anomalies that exist about this digital currency. Launched by the Helios Groups, Hong Kong, the worlds first regulated cryptocurrency in the world, PNP coin aim to provide a regulatory framework, an adequate pool of liquidity, and participation from a wide range of well-established market participants. This adds to their status as a unique and well-established asset class that is capable of revolutionizing the crypto sector.

Helios groups will launch a Helios DAX(Digital Asset Exchange), a new crypto exchange where PNP will be listed. Not just PNP, but all the cryptocurrencies on the DAX exchange will be regulated. The exchange will follow all the major government regulations and offer a user-friendly experience with minimum slippage, as it uses the groups own patented AI technology.

The pioneer behind DAX, Helios is the first to initiate a regulated exchange. Helios groups have gained significantly from the first-mover advantage. The sixth stage of the Initial Coin Offering (ICO) has been completed recently, with 78% of the allotted tokens sold.

The limited number of PNP tokens at the time of listing helped in 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. Helios Groups is committed to offering an easy-to-operate user interface that has been developed using their in-house and patented AI technology. Hence, users can stay rest assured of minimal errors or lapses.

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!

To know more, click here

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Heres how Helios DAX is revolutionizing the cryptocurrency space - Mint