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**Cryptocurrency News:**
• El Salvador bought 500 BTC on Monday, according to its president.
• Instagram, the social media platform owned by Meta, will support NFTs for crypto art from several major blockchain networks,
• The Indian government is reportedly considering imposing a 28% goods and services tax on all crypto transactions.
• Crypto exchange Binance has suspended withdrawals of LUNA and UST tokens as the Terra-based stablecoin struggles to recover its peg to the US dollar.
• The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s fintech sector.
• The International Monetary Fund, or IMF, has turned its attention to the Bahamas’ central bank digital currency (CBDC), the Sand Dollar, and suggested additional regulatory oversight and education.
• Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the ETF market.

** CoinMarketCap Top 10 Trending Cryptos:**
1. USDT
2. LUNA
3. MIOTA
4. ANC
5. USDC
6. WAVES
7. BTC
8. USDT
9. RSR
10. GMT

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