Menschen mit $100 in #USDT , die sich um die USDT-FUD sorgen | Ankoo auf Binance Square

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Menschen mit $100 in #USDT  , die sich um die USDT-FUD sorgen

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Indian Crypto Investors Exit Binance as PAN Card KYC Becomes Mandatory New Delhi, India – Binance’s new rule requiring Indian users to verify their accounts with a PAN card has triggered a wave of withdrawals. While aligning with India’s financial regulations, the move has left many investors uneasy. Why Are Investors Leaving? Users who fail to verify their accounts by April 20, 2025, will face trading and withdrawal restrictions. Fearing deeper tax scrutiny, many are shifting funds to exchanges without strict KYC or moving assets into decentralized wallets. Government’s Justification vs. Investor Concerns The Indian government, through FIU-IND, enforced this rule to ensure tax compliance and curb illicit transactions. While this brings structure, excessive control could drive investors to unregulated platforms, making enforcement harder. What’s Next for Investors? With the deadline approaching, traders must decide whether to comply or move elsewhere. Experts suggest staying informed and ensuring tax compliance. The Big Picture India’s stricter crypto policies aim to regulate the market but risk stifling innovation. Whether this leads to a more structured system or pushes investors toward decentralization remains to be seen.

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