My Reason.. AS Most of the coins are locked for 300% APY scheme .. and ONCE that scheme is over major selling will take place. Major influencers and top holders will dump to cash out.
ALL the post on how or Why you should hold the coins is Only to keep the value up till the scheme gets over.
Again, all of the above is my personal suggestion.
People losing money is not something I would like to see.
PLEASE research the token you're investing in (after all it's your hard earned money).
#The Indian finance ministry has sent compliance show-cause notices to nine offshore Virtual Digital Assets service providers, including Binance, and told the information technology ministry to block their URLs for operating illegally in the country without complying with the local money laundering laws.
The nine entities are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. Also Read: Sam Altman's Worldcoin discontinues offline Orb verification services in India In a statement issued on December 28, the finance ministry said that offshore and onshore Virtual Digital Asset service providers operating in India and involved in activities including exchange between virtual digital assets and fiat currencies, transfer and administration of virtual digital assets or instruments enabling control over them must register with Financial Intelligence Unit-India and comply with the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Financial Intelligence Unit-India is the national agency responsible for receiving, analysing, and disseminating information relating to suspect financial transactions to enforcement agencies and its foreign counterparts. "The obligation is activity-based and is not contingent on physical presence in India. The regulation casts reporting, record keeping, and other obligations on the VDA SPs under the PML Act which also includes registration with the FIU IND," the finance ministry's statement said, adding that so far 31 service providers of virtual digital assets have registered with Financial Intelligence Unit.
However, several offshore entities though catering to a substantial part of Indian users were not getting registered and coming under the Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework," the finance ministry added.