IndiaCryptoBan
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JUST IN: • India 🇮🇳 ban 9 crypto exchange
URL'S.
Follow
• Binance
• Kraken
• Huobi
• Kucoin
• Bittrex
• Gate.io
• Bitstamp
• Bitfinex
• MEXC Global
India got crazy (& now you'll see a lot of news like this to create painc selling just remember ETF
news is near.
#anpn #newscrypto #IndiaCryptoBan
URL'S.
Follow
• Binance
• Kraken
• Huobi
• Kucoin
• Bittrex
• Gate.io
• Bitstamp
• Bitfinex
• MEXC Global
India got crazy (& now you'll see a lot of news like this to create painc selling just remember ETF
news is near.
#anpn #newscrypto #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
🚨 **India's Crypto Crackdown Shakes Market! 🇮🇳💔 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" 📜 on major crypto exchanges, accusing them of violating Indian laws! 😱🚫
**Offshore Allegations Hit Big Names! 🌐**
Binance, Kucoin, Huobi, Kraken, and others under the FIU's radar! 😬 Accused of illegal operations through entities based outside India, these exchanges face a storm of scrutiny. 🌩️🏦
**FIU's Verdict: AML-CFT Framework Flouted! 🕵️♂️💸**
FIU's eagle eyes catch crypto exchanges off-guard! 🦅 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. 💼💔
**Unfulfilled Duties & Show Cause Drama! 😞📉**
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! 🔄💰
*Also Read: NFPrompt (NFP) Coin Analytics, Price, Marketcap and Future Predictions. (Source: bombolo.in)*
**🔍 Peeking into the 31 Registered Entities!**
Government's legal arsenal unleashed! 🔐 "Show cause notices" target Binance and peers under the Prevention of Money Laundering Act from 2002. Will the giants fall? 🏛️👀
**Websites Under Siege! 🚫🌐**
FIU demands action! 👮♂️ Ministry
#IndiaCryptoBan
In a dramatic turn of events, India's Financial Intelligence Unit (FIU) has unleashed a wave of "show cause notices" 📜 on major crypto exchanges, accusing them of violating Indian laws! 😱🚫
**Offshore Allegations Hit Big Names! 🌐**
Binance, Kucoin, Huobi, Kraken, and others under the FIU's radar! 😬 Accused of illegal operations through entities based outside India, these exchanges face a storm of scrutiny. 🌩️🏦
**FIU's Verdict: AML-CFT Framework Flouted! 🕵️♂️💸**
FIU's eagle eyes catch crypto exchanges off-guard! 🦅 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. 💼💔
**Unfulfilled Duties & Show Cause Drama! 😞📉**
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! 🔄💰
*Also Read: NFPrompt (NFP) Coin Analytics, Price, Marketcap and Future Predictions. (Source: bombolo.in)*
**🔍 Peeking into the 31 Registered Entities!**
Government's legal arsenal unleashed! 🔐 "Show cause notices" target Binance and peers under the Prevention of Money Laundering Act from 2002. Will the giants fall? 🏛️👀
**Websites Under Siege! 🚫🌐**
FIU demands action! 👮♂️ Ministry
#IndiaCryptoBan
#indiangoverment 👎!! This rule is effective from Jan 1 #CryptoNews🔒📰🚫 #cryptoindia #CryptoTrends2024 #Cryptocurrrency
🚨🚨💥BIG BREAKING NEWS💥🚨🚨
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.
The shadow ban on cryptocurrency exchanges in India.
Don’t 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 haven’t 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
Don’t 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 haven’t 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
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
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.
🟠 Exchanges Affected:
Binance
Kucoin
Gate
Huobi
Kraken
Bittrex
Bitstamp
MEXC
Bitfinex
🟠 Show Cause Notices:
The Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to the aforementioned exchanges.
🟠 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.
🟠 Exchanges Affected:
Binance
Kucoin
Gate
Huobi
Kraken
Bittrex
Bitstamp
MEXC
Bitfinex
🟠 Show Cause Notices:
The Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to the aforementioned exchanges.
🟠 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
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 YEARS🎊🎊🎊
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 YEARS🎊🎊🎊
WILL #WRX GO CRAZY THIS YEAR?
94%
NAH
6%
18 votes • Voting closed
🚨 Breaking News for the Indian 🇮🇳 Crypto Community! 🚨
✅ Binance URL Unblocked!
✅ Trading Resumes!
Great news— #Binance Binance is back online! You can now continue your spot and futures trading without any hassle. 🎉💹
Note: P2P transactions are still same.
Stay tuned for more updates and keep trading! 🚀
#CryptoNewss #IndiaCryptoBan #BNB #btc70k
✅ Binance URL Unblocked!
✅ Trading Resumes!
Great news— #Binance Binance is back online! You can now continue your spot and futures trading without any hassle. 🎉💹
Note: P2P transactions are still same.
Stay tuned for more updates and keep trading! 🚀
#CryptoNewss #IndiaCryptoBan #BNB #btc70k
$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
Shout out to this guy! He spoke the truth about Indian exchanges and the Indian Government trying to control everything
Follow me on social media for more such information Crypto Insights Pro
#LatestNews #cryptoindia #IndiaCryptoBan #Cryptocommunity #cryptonewstoday
Follow me on social media for more such information Crypto Insights Pro
#LatestNews #cryptoindia #IndiaCryptoBan #Cryptocommunity #cryptonewstoday
LIVE
Nadyisom
--
1. Indian exchanges are promoting themselves as being FIU-compliant (following financial regulations) instead of focusing on the main problems faced by users.
2. The real problems that users are experiencing are:
a. Low liquidity: There is not enough buying and selling happening on the exchanges, making it hard to trade.
b. Difficult user interface (UI): The design and how the exchanges work are confusing and not user-friendly.
c. Issues with withdrawing money: Users are having trouble taking out their funds from the exchanges.
d. Limited variety of altcoins: There are not enough different types of cryptocurrencies available for trading.
e. Late listing of promising coins: The exchanges are adding new cryptocurrencies too late, missing out on good opportunities.
f. Lack of proper support team: Users don't have enough help and assistance from the exchanges when they need it.
g. Using order books from international exchanges: The exchanges rely on other exchanges' order books instead of having their own.
To make things better, Indian exchanges should focus on improving these core problems and providing a smoother and more user-friendly experience for their users.
2. The real problems that users are experiencing are:
a. Low liquidity: There is not enough buying and selling happening on the exchanges, making it hard to trade.
b. Difficult user interface (UI): The design and how the exchanges work are confusing and not user-friendly.
c. Issues with withdrawing money: Users are having trouble taking out their funds from the exchanges.
d. Limited variety of altcoins: There are not enough different types of cryptocurrencies available for trading.
e. Late listing of promising coins: The exchanges are adding new cryptocurrencies too late, missing out on good opportunities.
f. Lack of proper support team: Users don't have enough help and assistance from the exchanges when they need it.
g. Using order books from international exchanges: The exchanges rely on other exchanges' order books instead of having their own.
To make things better, Indian exchanges should focus on improving these core problems and providing a smoother and more user-friendly experience for their users.
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
Just now I checked OKX crypto exchange is also blocked. So the stupid government is blocking all foreign exchanges so that waste Indian exchanges will profit
#IndianRegulation #cryptoindia #IndiaCryptoBan #TradeNTell
#IndianRegulation #cryptoindia #IndiaCryptoBan #TradeNTell
The rules and regulations about crypto in India are changing, and this is making things uncertain and a bit confusing for crypto investors and traders in India.
#Crypto investors and traders in India are facing challenges:
- There's a 30% flat tax without any setoff, making it less profitable.
- A 1% TDS is affecting trading capital.
- There's uncertainty about decentralized exchanges (DEX), mobile wallets, and hardware wallets.
- Some international exchange URLs are blocked, and bank accounts are getting frozen.
- There are scams happening in P2P transactions.
Despite these issues, some people are considering moving to Indian exchanges because of the policies by the government.
However, it's important to note:
- Indian exchanges rely on liquidity from international exchanges.
- Most of the coins on Indian exchanges are listed later, which will make it difficult for you to catch on trends and will be used as exit liquidity.
- Indian exchanges have limitations on depositing/withdrawing crypto.
- Indian trading platforms add promising cryptocurrencies after the excitement has faded, turning investors into the last ones trying to sell their assets.
#IndiaCryptoBan
#Crypto investors and traders in India are facing challenges:
- There's a 30% flat tax without any setoff, making it less profitable.
- A 1% TDS is affecting trading capital.
- There's uncertainty about decentralized exchanges (DEX), mobile wallets, and hardware wallets.
- Some international exchange URLs are blocked, and bank accounts are getting frozen.
- There are scams happening in P2P transactions.
Despite these issues, some people are considering moving to Indian exchanges because of the policies by the government.
However, it's important to note:
- Indian exchanges rely on liquidity from international exchanges.
- Most of the coins on Indian exchanges are listed later, which will make it difficult for you to catch on trends and will be used as exit liquidity.
- Indian exchanges have limitations on depositing/withdrawing crypto.
- Indian trading platforms add promising cryptocurrencies after the excitement has faded, turning investors into the last ones trying to sell their assets.
#IndiaCryptoBan
🚀🇮🇳 Calling All Crypto Enthusiasts in India! 🌐
Attention to the vibrant crypto community in India! 🌟 The landscape is buzzing with potential, but there's a hurdle we must overcome.
📈 Currently, India bears the brunt of the highest crypto taxation globally, acting as a roadblock for potential investors. It's time for a positive shift!
🛑 We advocate for change! We appeal to @nsitharaman and authorities to reconsider the 1% tax on VDA transactions, the hefty 30% tax on capital gains, and allow loss setoff for #Crypto users.
⚖️ Let's strike a harmonious balance between innovation and regulation. Clear, fair regulations will fuel the growth and adoption of the crypto industry, benefitting everyone involved.
📣 Join the movement to #reducecryptotax! Together, let's pave the way for a thriving crypto ecosystem in India! 🚀🇮🇳 #CryptoForAll #TradeNTell #Write2Earn #IndiaCryptoBan #IndiaCryptoTax $BTC $ETH $BNB
Attention to the vibrant crypto community in India! 🌟 The landscape is buzzing with potential, but there's a hurdle we must overcome.
📈 Currently, India bears the brunt of the highest crypto taxation globally, acting as a roadblock for potential investors. It's time for a positive shift!
🛑 We advocate for change! We appeal to @nsitharaman and authorities to reconsider the 1% tax on VDA transactions, the hefty 30% tax on capital gains, and allow loss setoff for #Crypto users.
⚖️ Let's strike a harmonious balance between innovation and regulation. Clear, fair regulations will fuel the growth and adoption of the crypto industry, benefitting everyone involved.
📣 Join the movement to #reducecryptotax! Together, let's pave the way for a thriving crypto ecosystem in India! 🚀🇮🇳 #CryptoForAll #TradeNTell #Write2Earn #IndiaCryptoBan #IndiaCryptoTax $BTC $ETH $BNB