IndiaCryptoBan
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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
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
LIVENadyisom
--
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.
attention please 🚨
Indian government trying to crash the market but it's not easy .and according by my knowledge India's government wants tax on crypto and India government want money without any work, they want free money
finally i say to everyone that market not going crash it's just a bubble 💭 this bubble blast only in 2 to 3 days between don't we panic
#IndiaCryptoBan #BTC！ #crash $BTC
Indian government trying to crash the market but it's not easy .and according by my knowledge India's government wants tax on crypto and India government want money without any work, they want free money
finally i say to everyone that market not going crash it's just a bubble 💭 this bubble blast only in 2 to 3 days between don't we panic
#IndiaCryptoBan #BTC！ #crash $BTC
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
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
Let the government do whatever it can! We crypto traders will always find a way… #indiangoverment 👎 #Hold #cryptoindia #IndiaCryptoBan #cryptonewstoday
Follow me on social media Crypto Insights Pro
Follow me on social media Crypto Insights Pro
LIVEVARANASI BITCOIN BAAP
--
Indian🇮🇳 government wants to kill Crypto industry. More than 500+ #web3 active startups in India till July 2023 and 11% of world’s #crypto, Web3 talent is in India.
However Indian government treat #cryptocurrency as a gambling ❓
And The earnings from trading, selling, or swapping #cryptocurrencies are taxed at a flat 30% and No loss set off Other than this, a TDS at 1% is also applicable on the sale of Crypto .
Support guys like and retweet 🙏
#reducecryptotax
However Indian government treat #cryptocurrency as a gambling ❓
And The earnings from trading, selling, or swapping #cryptocurrencies are taxed at a flat 30% and No loss set off Other than this, a TDS at 1% is also applicable on the sale of Crypto .
Support guys like and retweet 🙏
#reducecryptotax
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
Big Update from India 🇮🇳
India enforces a shadow BAN on major #crypto exchanges, labeling their operations as illegal in the country.
#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.
Stay informed and follow us for the latest updates.
#IndiaCryptoBan #FIUIND #CryptoRegulation #CryptoPatel
$BTC $ETH $BNB
India enforces a shadow BAN on major #crypto exchanges, labeling their operations as illegal in the country.
#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.
Stay informed and follow us for the latest updates.
#IndiaCryptoBan #FIUIND #CryptoRegulation #CryptoPatel
$BTC $ETH $BNB
🟥 India Takes Action: Crypto Exchanges Face Ban🚨
Hold Tight! Your Funds Are Secure 💰💯
In a recent move, India has blocked access to several offshore crypto exchanges, including major players like Binance, Kucoin, OKX, Gate.io, and more as of January 12. This decision comes on the heels of these platforms being removed from the Apple App Store in the country just days earlier.
📅 Timeline of Events:
On December 28, the finance ministry issued show-cause notices to Binance, Kucoin, Houbi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex for alleged non-compliance with India's anti-money laundering laws.
Responding to the violations, the finance ministry instructed the information technology ministry to block the URLs of these platforms, leading to the recent website restrictions. However, the use of VPNs still grants access to these exchanges.
🔒 Binance Reassures Indian Users: Funds Are Safe
Binance, one of the affected exchanges, sent a reassuring email to its Indian users, clarifying that the impact is limited to those trying to access the Indian iOS app store or the Binance website directly from India. Existing users with the Binance app remain unaffected by the restriction.
🤝 Binance's Commitment to Compliance:
Emphasizing their dedication to complying with local regulations, Binance highlights ongoing communication with regulators. Their goal is to ensure user protection while contributing to the development of a robust Web3 industry.
Stay informed, stay secure! Like, share, and follow @TokenMaestro for more updates on crypto regulations and market dynamics. 🌐🔐
#IndiaCryptoBan #Binance #CryptoRegulations #IndiaRegulations #IndiaBan
Hold Tight! Your Funds Are Secure 💰💯
In a recent move, India has blocked access to several offshore crypto exchanges, including major players like Binance, Kucoin, OKX, Gate.io, and more as of January 12. This decision comes on the heels of these platforms being removed from the Apple App Store in the country just days earlier.
📅 Timeline of Events:
On December 28, the finance ministry issued show-cause notices to Binance, Kucoin, Houbi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex for alleged non-compliance with India's anti-money laundering laws.
Responding to the violations, the finance ministry instructed the information technology ministry to block the URLs of these platforms, leading to the recent website restrictions. However, the use of VPNs still grants access to these exchanges.
🔒 Binance Reassures Indian Users: Funds Are Safe
Binance, one of the affected exchanges, sent a reassuring email to its Indian users, clarifying that the impact is limited to those trying to access the Indian iOS app store or the Binance website directly from India. Existing users with the Binance app remain unaffected by the restriction.
🤝 Binance's Commitment to Compliance:
Emphasizing their dedication to complying with local regulations, Binance highlights ongoing communication with regulators. Their goal is to ensure user protection while contributing to the development of a robust Web3 industry.
Stay informed, stay secure! Like, share, and follow @TokenMaestro for more updates on crypto regulations and market dynamics. 🌐🔐
#IndiaCryptoBan #Binance #CryptoRegulations #IndiaRegulations #IndiaBan
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
INDIAN 🇮🇳 User Must Not Panic And Wait For The Official Statement, There Will Be Many Influencer Who Will Give You Referral Link To New Exchanges ( Do Research Before Transferring Funds On Your Own To Any New Exchanges ).
Either Wait For Official News To Get Out Or Move Your Funds To Wallets.
#BTC #etf #ETH #IndiaCryptoBan #CryptoPredictions2024
Either Wait For Official News To Get Out Or Move Your Funds To Wallets.
#BTC #etf #ETH #IndiaCryptoBan #CryptoPredictions2024
🚨 **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
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
LIVECrypto Insights Pro
--
#indiangoverment 👎!! This rule is effective from Jan 1 #CryptoNews🔒📰🚫 #cryptoindia #CryptoTrends2024 #Cryptocurrrency
🚀🇮🇳 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
💥🚨🚨 BREAKING NEWS 🚨🚨💥
India to Block 9 Crypto Exchange Websites in Widening Crackdown
India’s 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 “operating illegally” 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
India’s 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 “operating illegally” 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 Binance, 8 other crypto platforms, slaps notices
New Delhi: India on Thursday slapped show cause notices on nine offshore crypto currency trading platforms including Binance, Kucoin and Huobi and moved to block their web addresses, accusing them of operating illegally in the country.The notices were issued under money laundering laws by Financial Intelligence Unit India (FIU IND), the agency that processes information on dubious financial transactions. These companies, technically called virtual digit asset (VDA) service providers did not comply with the provisions of the anti-money laundering law, the finance ministry said in a late night statement.Queries emailed to Binance, Kucoin and Huobi on Thursday seeking comments remained unanswered.These service providers were brought under the Anti Money Laundering/Counter Financing of Terrorism (AML-CFT) framework under the provisions of the Prevention of Money Laundering Act (PML) Act in March 2023, the ministry said.The notices were issued under a section of the Prevention of Money Laundering Act that authorizes the government to impose a penalty on the entity, its directors or employees or issue a warning or instructions.India is currently undergoing a peer review of its anti-money laundering and counter financing of terrorism framework by the Financial Action Task Force (FATF), a UN body. The review assesses both the technical compliance of its recommendations and the effectiveness of India's anti-money laundering and anti-terror financing framework.Director FIU IND has written to secretary, Ministry of Electronics and Information Technology to block the URLs of these entities allegedly operating illegally without complying with the provisions of the PML Act in India, the statement said.Crypto platforms are required to be registered with FIU IND as reporting entities and comply with certain obligations as mandated law, the ministry said. Regulations cast reporting, record keeping and other obligations on these service providers under the law, the statement said.Till date, 31 VDA service providers have registered with FIU IND. However, several offshore entities though catering to a substantial part of Indian users were not getting registered, the statement said.#IndiaCryptoBan #binanceIndia #marketuptade
🚨🚨💥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.
🚨BREAKING
🇮🇳 India Puts Shadow BAN on Major CEX calling their operations Illegal in India !
🟠Those CEX are Binance, Kucoin, Gate, Huobi, Kraken, Bittrex, Bitstamp, MEXC, Bitfinex.
🟠Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)
🟠FIU IND writes to Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India
#IndiaCryptoBan #IndiaCrypto #indiabancexexgange #BTC #Cryptocurrrency
🇮🇳 India Puts Shadow BAN on Major CEX calling their operations Illegal in India !
🟠Those CEX are Binance, Kucoin, Gate, Huobi, Kraken, Bittrex, Bitstamp, MEXC, Bitfinex.
🟠Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)
🟠FIU IND writes to Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India
#IndiaCryptoBan #IndiaCrypto #indiabancexexgange #BTC #Cryptocurrrency
