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