IndiaCryptoBan
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đ„đšđš BREAKING NEWS đšđšđ„
India to Block 9 Crypto Exchange Websites in Widening Crackdown
Indiaâs Financial Intelligence Unit wants the Ministry of Electronics and Information Technology to block the URLs of nine crypto exchanges.
The move will block Binance, Kraken, Huobi, Kucoin, Bittrex, Gate.io, Bitstamp, Bitfinex and MEXC Global after claiming that the virtual asset service providers (VASP) were âoperating illegallyâ and did not comply with the Prevention of Money Laundering Act.
India has been working to align crypto with its traditional finance sector, having mandated in March that crypto companies must collect know-your-customer (KYC) information. At the same time, it also mandated that crypto firms register with the FIU
#Binance #indiabancexexgange #IndiaCryptoBan #BTC #Launchpool
$BTC $ETH $BNB
India to Block 9 Crypto Exchange Websites in Widening Crackdown
Indiaâs Financial Intelligence Unit wants the Ministry of Electronics and Information Technology to block the URLs of nine crypto exchanges.
The move will block Binance, Kraken, Huobi, Kucoin, Bittrex, Gate.io, Bitstamp, Bitfinex and MEXC Global after claiming that the virtual asset service providers (VASP) were âoperating illegallyâ and did not comply with the Prevention of Money Laundering Act.
India has been working to align crypto with its traditional finance sector, having mandated in March that crypto companies must collect know-your-customer (KYC) information. At the same time, it also mandated that crypto firms register with the FIU
#Binance #indiabancexexgange #IndiaCryptoBan #BTC #Launchpool
$BTC $ETH $BNB
đš **India's Crypto Crackdown Shakes Market! đźđłđ FIU Sends Shockwaves with Notices to Binance and More - Illegal Operations Unveiled!**
In a dramatic turn of events, India's Financial Intelligence Unit (FIU) has unleashed a wave of "show cause notices" đ on major crypto exchanges, accusing them of violating Indian laws! đ±đ«
**Offshore Allegations Hit Big Names! đ**
Binance, Kucoin, Huobi, Kraken, and others under the FIU's radar! đŹ Accused of illegal operations through entities based outside India, these exchanges face a storm of scrutiny. đ©ïžđŠ
**FIU's Verdict: AML-CFT Framework Flouted! đ”ïžââïžđž**
FIU's eagle eyes catch crypto exchanges off-guard! đŠ Despite guidelines set in March 2023, accusing fingers point at exchanges for not following the Anti Money Laundering/Counter Financing of Terrorism (AML-CFT) framework. đŒđ
**Unfulfilled Duties & Show Cause Drama! đđ**
FIU alleges these exchanges didn't register under the Prevention of Money Laundering Act, failing to report financial activities as mandated. Traditional banks' obligations, but in the crypto world, chaos ensues! đđ°
*Also Read: NFPrompt (NFP) Coin Analytics, Price, Marketcap and Future Predictions. (Source: bombolo.in)*
**đ Peeking into the 31 Registered Entities!**
Government's legal arsenal unleashed! đ "Show cause notices" target Binance and peers under the Prevention of Money Laundering Act from 2002. Will the giants fall? đïžđ
**Websites Under Siege! đ«đ**
FIU demands action! đźââïž Ministry
#IndiaCryptoBan
In a dramatic turn of events, India's Financial Intelligence Unit (FIU) has unleashed a wave of "show cause notices" đ on major crypto exchanges, accusing them of violating Indian laws! đ±đ«
**Offshore Allegations Hit Big Names! đ**
Binance, Kucoin, Huobi, Kraken, and others under the FIU's radar! đŹ Accused of illegal operations through entities based outside India, these exchanges face a storm of scrutiny. đ©ïžđŠ
**FIU's Verdict: AML-CFT Framework Flouted! đ”ïžââïžđž**
FIU's eagle eyes catch crypto exchanges off-guard! đŠ Despite guidelines set in March 2023, accusing fingers point at exchanges for not following the Anti Money Laundering/Counter Financing of Terrorism (AML-CFT) framework. đŒđ
**Unfulfilled Duties & Show Cause Drama! đđ**
FIU alleges these exchanges didn't register under the Prevention of Money Laundering Act, failing to report financial activities as mandated. Traditional banks' obligations, but in the crypto world, chaos ensues! đđ°
*Also Read: NFPrompt (NFP) Coin Analytics, Price, Marketcap and Future Predictions. (Source: bombolo.in)*
**đ Peeking into the 31 Registered Entities!**
Government's legal arsenal unleashed! đ "Show cause notices" target Binance and peers under the Prevention of Money Laundering Act from 2002. Will the giants fall? đïžđ
**Websites Under Siege! đ«đ**
FIU demands action! đźââïž Ministry
#IndiaCryptoBan
Amidst changing regulations in India,
crypto investors face challenges like a 30% flat tax,
a 1% TDS impacting capital,
and uncertainties around DEX,
mobile wallets,
and hardware wallets.
Blocked international exchange URLs and frozen
bank accounts add to the complexity,
with P2P transaction scams on the rise.
Despite these issues,
some consider shifting to Indian exchanges due
to government policies.
However, challenges such as reliance on
international liquidity,
delayed coin listings,
deposit/withdrawal limitations,
and late addition of promising cryptocurrencies
pose concerns for investors.
#IndiaCryptoBan
crypto investors face challenges like a 30% flat tax,
a 1% TDS impacting capital,
and uncertainties around DEX,
mobile wallets,
and hardware wallets.
Blocked international exchange URLs and frozen
bank accounts add to the complexity,
with P2P transaction scams on the rise.
Despite these issues,
some consider shifting to Indian exchanges due
to government policies.
However, challenges such as reliance on
international liquidity,
delayed coin listings,
deposit/withdrawal limitations,
and late addition of promising cryptocurrencies
pose concerns for investors.
#IndiaCryptoBan
LIVECrypto Insights Pro
--
#indiangoverment đ!! This rule is effective from Jan 1 #CryptoNewsđđ°đ« #cryptoindia #CryptoTrends2024 #Cryptocurrrency
đąIndia'sđźđł largest cryptocurrency exchange, CoinDCX, has been accused of fraud.
đ Police have lodged a cheating FIR against CoinDCX.
#BTC #etf #ai #IndiaCryptoBan $BTC $ETH $BNB
đ Police have lodged a cheating FIR against CoinDCX.
#BTC #etf #ai #IndiaCryptoBan $BTC $ETH $BNB
The shadow ban on cryptocurrency exchanges in India.
Donât panic, keep/transfer your funds in compliant exchanges or decentralised exchanges.
You will have to pay taxes if you transfer funds to compliant exchanges.
I think best option for now is to keep funds in decentralised exchanges and wait for new developments.
Panic will only force you to make wrong decisions. They havenât completely banned exchanges yet but it can happen soon.
I hope binance will talk to Indian Govt. sort things out soon.
#IndiaCryptoBan #IndiaCrypto $BTC $ETH $BNB
Donât panic, keep/transfer your funds in compliant exchanges or decentralised exchanges.
You will have to pay taxes if you transfer funds to compliant exchanges.
I think best option for now is to keep funds in decentralised exchanges and wait for new developments.
Panic will only force you to make wrong decisions. They havenât completely banned exchanges yet but it can happen soon.
I hope binance will talk to Indian Govt. sort things out soon.
#IndiaCryptoBan #IndiaCrypto $BTC $ETH $BNB
đšđšđ„BIG BREAKING NEWSđ„đšđš
FIU issues notice to Binance, 8 other offshore crypto platforms, writes to MeitY for blocking of URLs
#indiabancexexgange #IndiaCryptoBan #BTC #BinanceSquare
#Binance
#Kucoin
#Gate.io
#Huobi
#Kraken
#Bittrex
#Bitstamp
#mexc and
#bitfinex have received compliance Show Cause Notices from the Financial Intelligence Unit India (FIU IND).
The notices highlight concerns about their operations not complying with the provisions of the Prevention of Money Laundering (PML) Act in India.
In response, FIU IND is urging the Ministry of Electronics and Information Technology to take action by blocking the URLs of these nine entities.
FIU issues notice to Binance, 8 other offshore crypto platforms, writes to MeitY for blocking of URLs
#indiabancexexgange #IndiaCryptoBan #BTC #BinanceSquare
#Binance
#Kucoin
#Gate.io
#Huobi
#Kraken
#Bittrex
#Bitstamp
#mexc and
#bitfinex have received compliance Show Cause Notices from the Financial Intelligence Unit India (FIU IND).
The notices highlight concerns about their operations not complying with the provisions of the Prevention of Money Laundering (PML) Act in India.
In response, FIU IND is urging the Ministry of Electronics and Information Technology to take action by blocking the URLs of these nine entities.
BREAKING NEWS: India Implements Shadow Ban on Major Crypto Exchanges
In a significant development, India has initiated a shadow ban on prominent #crypto exchanges, branding their operations as illegal within the country.
đ Exchanges Affected:
Binance
Kucoin
Gate
Huobi
Kraken
Bittrex
Bitstamp
MEXC
Bitfinex
đ Show Cause Notices:
The Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to the aforementioned exchanges.
đ Urgent Action:
FIU IND calls upon the Ministry of Electronics and Information Technology to block the URLs of these nine entities, citing non-compliance with the provisions of the Prevention of Money Laundering (PML) Act in India.
Stay tuned for further updates on this developing situation.
#cryptosolutions #IndiaCryptoBan
In a significant development, India has initiated a shadow ban on prominent #crypto exchanges, branding their operations as illegal within the country.
đ Exchanges Affected:
Binance
Kucoin
Gate
Huobi
Kraken
Bittrex
Bitstamp
MEXC
Bitfinex
đ Show Cause Notices:
The Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to the aforementioned exchanges.
đ Urgent Action:
FIU IND calls upon the Ministry of Electronics and Information Technology to block the URLs of these nine entities, citing non-compliance with the provisions of the Prevention of Money Laundering (PML) Act in India.
Stay tuned for further updates on this developing situation.
#cryptosolutions #IndiaCryptoBan
In News: India to ban URLs of 9 crypto exchanges, including Binance, for non-compliance with anti-money laundering law.
The Financial Intelligence Unit has sent a show cause notice to nine offshore cryptocurrency exchanges after they were allegedly found to be illegally operating in India by not complying with the country's anti-money laundering law.
In Short
The FIU has sent show cause notice to 9 offshore cryptocurrency exchanges.
The FIU has advised MeitY to block the URLs of the 9 cryptocurrency exchanges.
The 9 cryptocurrency exchanges have been pulled up for non-compliance with India anti-money laundering law.
The Financial Intelligence Unit (FIU), that comes under the Indian Finance Ministry has issued a show cause notice to 9 offshore crypto exchanges, and has asked the Ministry of Electronics and Information Technology (MeitY) to block their URLs in India. The action has been taken for alleged non-compliance with Indian anti-money laundering law. As per the notice sent out by FIU, these 9 crypto exchanges, which includes Binance and Kucoin, have been operating illegally in India. The nine exchanges that have received the show cause notice include, Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
#Binance #IndiaCryptoBan
The Financial Intelligence Unit has sent a show cause notice to nine offshore cryptocurrency exchanges after they were allegedly found to be illegally operating in India by not complying with the country's anti-money laundering law.
In Short
The FIU has sent show cause notice to 9 offshore cryptocurrency exchanges.
The FIU has advised MeitY to block the URLs of the 9 cryptocurrency exchanges.
The 9 cryptocurrency exchanges have been pulled up for non-compliance with India anti-money laundering law.
The Financial Intelligence Unit (FIU), that comes under the Indian Finance Ministry has issued a show cause notice to 9 offshore crypto exchanges, and has asked the Ministry of Electronics and Information Technology (MeitY) to block their URLs in India. The action has been taken for alleged non-compliance with Indian anti-money laundering law. As per the notice sent out by FIU, these 9 crypto exchanges, which includes Binance and Kucoin, have been operating illegally in India. The nine exchanges that have received the show cause notice include, Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
#Binance #IndiaCryptoBan
WRX increases more than 30% when #india threats to shutdown foreign exchanges like binance and few more
$WRX
#IndiaCryptoBan #indiabancexexgange
$WRX
#IndiaCryptoBan #indiabancexexgange
Listen i know i'm a nobody but i just would like to tell you all since i've not seen a single post about this....
Why are people not talking about #binance and many other platforms getting banned in #IndiaCryptoBan
Now #WRX / #WRXUSDT WILL TAKE OVER.
LOOK AT THE CHARTs
It once took off a few years ago and it will take off again in just a few weeks....
this time i believe it will even go beyond 5 dollars....
AND NOBODY IS SAYING ANYTHING.
are the topdogs making us focus on shitcoins like xrp which will never go to 1000 like most people say so they can conquer #WRX ????
LMK
BTW..... HAPPY NEW YEARSđđđ
Why are people not talking about #binance and many other platforms getting banned in #IndiaCryptoBan
Now #WRX / #WRXUSDT WILL TAKE OVER.
LOOK AT THE CHARTs
It once took off a few years ago and it will take off again in just a few weeks....
this time i believe it will even go beyond 5 dollars....
AND NOBODY IS SAYING ANYTHING.
are the topdogs making us focus on shitcoins like xrp which will never go to 1000 like most people say so they can conquer #WRX ????
LMK
BTW..... HAPPY NEW YEARSđđđ
WILL #WRX GO CRAZY THIS YEAR?
94%
NAH
6%
18 votes âą Voting closed
đš Breaking News for the Indian đźđł Crypto Community! đš
â Binance URL Unblocked!
â Trading Resumes!
Great newsâ #Binance Binance is back online! You can now continue your spot and futures trading without any hassle. đđč
Note: P2P transactions are still same.
Stay tuned for more updates and keep trading! đ
#CryptoNewss #IndiaCryptoBan #BNBâ© #btc70k
â Binance URL Unblocked!
â Trading Resumes!
Great newsâ #Binance Binance is back online! You can now continue your spot and futures trading without any hassle. đđč
Note: P2P transactions are still same.
Stay tuned for more updates and keep trading! đ
#CryptoNewss #IndiaCryptoBan #BNBâ© #btc70k
Apple Removes Binance and Kraken Cryptocurrency Apps from Indian App Store đšđšđšđšđšđšđšâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïžâŒïž
Several cryptocurrency exchange apps, including Binance and Kraken, have vanished from the Apple App Store in India. This move comes in response to regulatory concerns raised by the Financial Intelligence Unit (FIU), which accused these global firms of operating "illegally" in the country. The FIU issued show cause notices to nine crypto firms, alleging non-compliance with India's anti-money laundering rules. The affected exchanges also include Mexc, Kucoin, Huobi, Gate.io, Bittrex, and Bitfinex.
Many Indian traders have shifted to global cryptocurrency platforms, possibly to evade taxes, as India started taxing virtual currencies last year. This move included a 30% tax on gains and a 1% deduction on each crypto transaction. While India-based exchanges like CoinSwitch Kuber and CoinDCX remain compliant with Indiaâs PMLA requirements, global platforms face challenges in adapting to the country's regulatory landscape. The historical tough stance of India towards cryptocurrencies, including a past ban by the Reserve Bank, continues to shape the regulatory environment.
#etf #IndiaCryptoBan #indiangoverment #Apple.App.Store #applestore $BTC $BNB $XRP
Several cryptocurrency exchange apps, including Binance and Kraken, have vanished from the Apple App Store in India. This move comes in response to regulatory concerns raised by the Financial Intelligence Unit (FIU), which accused these global firms of operating "illegally" in the country. The FIU issued show cause notices to nine crypto firms, alleging non-compliance with India's anti-money laundering rules. The affected exchanges also include Mexc, Kucoin, Huobi, Gate.io, Bittrex, and Bitfinex.
Many Indian traders have shifted to global cryptocurrency platforms, possibly to evade taxes, as India started taxing virtual currencies last year. This move included a 30% tax on gains and a 1% deduction on each crypto transaction. While India-based exchanges like CoinSwitch Kuber and CoinDCX remain compliant with Indiaâs PMLA requirements, global platforms face challenges in adapting to the country's regulatory landscape. The historical tough stance of India towards cryptocurrencies, including a past ban by the Reserve Bank, continues to shape the regulatory environment.
#etf #IndiaCryptoBan #indiangoverment #Apple.App.Store #applestore $BTC $BNB $XRP
$WRX A big move ahead
Wazirx gains because of news on exchange ban in India
so it's a chance to follow it and grab a chance to bag profits
#wazirx #trendingcoin #TrendingSearch #IndiaCryptoBan #india
Wazirx gains because of news on exchange ban in India
so it's a chance to follow it and grab a chance to bag profits
#wazirx #trendingcoin #TrendingSearch #IndiaCryptoBan #india
Indian crypto exchange has been hacked 2 days back, wazirX the crypto price is sinking, keep an eye as soon as it gets resolved it will rise up a bit for sure. Good oppurtunity to make some fast gains. #WAZRIX #WazirXIndia #WazirXHack #india_crypto #IndiaCryptoBan $WRX
BREAKING:
Binance
KuCoin
MEXC
OKX
have been removed from the Google Play
Store in India.
VOTE FOR BITEAGLE NEWS HERE
#IndiaCryptoBan #etf
Binance
KuCoin
MEXC
OKX
have been removed from the Google Play
Store in India.
VOTE FOR BITEAGLE NEWS HERE
#IndiaCryptoBan #etf
