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As many are aware that India has banned foreign crypto exchanges, I wanted to share my opinions on the subject.
India doesn't have any problems with foreign exchanges. What they truly want, is for the exchanges to share data about their Indian customers and about their crypto holdings so that the government can track the activities of Indian users and can tax them i.e. what they truly need is tax revenue.
With time, the foreign exchanges will comply and share the data needed by the government, after which they'll get unblocked once again and become operational in India.
Meanwhile, users can continue to access the exchanges using VPNs.$
#BTC-ETF #IndianRegulation #indiabanURL
India doesn't have any problems with foreign exchanges. What they truly want, is for the exchanges to share data about their Indian customers and about their crypto holdings so that the government can track the activities of Indian users and can tax them i.e. what they truly need is tax revenue.
With time, the foreign exchanges will comply and share the data needed by the government, after which they'll get unblocked once again and become operational in India.
Meanwhile, users can continue to access the exchanges using VPNs.$
#BTC-ETF #IndianRegulation #indiabanURL
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