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India is 7th biggest nation ready to adopt crypto i 2023: report
According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10.
#BTC #cryptoindia #india #BTC #cryptoonindia
According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10.
#BTC #cryptoindia #india #BTC #cryptoonindia
The design of the Central Bank Digital Currency (CBDC) or digital rupee will be the least disruptive and will not replace the physical currency, Executive Director of the RBI Ajay Kumar Choudhary said...!! #Binance #BNB #rbi #cryptoindia #cryptoonindia
🇮🇳 Reserve Governor Shaktikanta Das: “Cryptocurrency” can be a “real danger” to the Banks directly or indirectly.🚶♂️
#cryptoindia #crypto2023 #BTC
#cryptoindia #crypto2023 #BTC
🚨BREAKING: Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored and screened, a great step for clarity on Crypto Regulations. #cryptoindia #bicasso #buildtogether
Namaste All.. 🙏🙏
Binance is hosting it's first ever Holi themed community Super Meetup Delhi on 7th March 2023. Well.. That's huge.. Will you be a part of the event? 😎✌️
#Binance #MeetUp #cryptoindia
Binance is hosting it's first ever Holi themed community Super Meetup Delhi on 7th March 2023. Well.. That's huge.. Will you be a part of the event? 😎✌️
#Binance #MeetUp #cryptoindia
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
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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.
😆Good News 🔥😁 Crypto👇👍The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies.#cryptocab #cryptoindia #crypto #cryptobharat
No matter the Indian Government banning the binance url we will still stick to using this platform.
#trendingtoday #LatestNews #CryptoNews🔒📰🚫 #cryptonewstoday #cryptoindia
#trendingtoday #LatestNews #CryptoNews🔒📰🚫 #cryptonewstoday #cryptoindia
India is taking the crypto scene by Despite the hurdles like a 30% storm! tax, 1% TDS, no loss offset, and no UPI support, our crypto community is thriving!
Join the revolution, let's turn challenges into opportunities!
#cryptoindia #InnovationOverObstacles
#TradeNTell #Write2Earn #TradeNTellView
$BNB $BTC $XRP
Join the revolution, let's turn challenges into opportunities!
#cryptoindia #InnovationOverObstacles
#TradeNTell #Write2Earn #TradeNTellView
$BNB $BTC $XRP
FIR filed against Coindcx for cheating and scamming crypto users by Delhi Police
Many users said that they weren’t able to withdraw the money to their bank account and when they contacted the official they were asked to 40,000 as tax submit which they can claim later. The users got suspicious and reported to Delhi police to take action against Coindcx
#cryptonews #cryptonewstoday #cryptoindia #BTC!💰 #IndiaCrypto $BTC $ETH $BNB
Many users said that they weren’t able to withdraw the money to their bank account and when they contacted the official they were asked to 40,000 as tax submit which they can claim later. The users got suspicious and reported to Delhi police to take action against Coindcx
#cryptonews #cryptonewstoday #cryptoindia #BTC!💰 #IndiaCrypto $BTC $ETH $BNB
"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.
Stablecoins are an existential threat to policy sovereignty and are only useful to a few countries, said Reserve Bank of India Deputy Governor Rabi Sankar at an event, according to the local news platform The Hindu.
Given the concerns around stablecoins, central bank digital currencies (CBDC) are better "stable solutions" for every country, Sankar said.
#reservebankofindia #stablecoin #crypto2023 #cryptoindia #cryptoonindia
Stablecoins are an existential threat to policy sovereignty and are only useful to a few countries, said Reserve Bank of India Deputy Governor Rabi Sankar at an event, according to the local news platform The Hindu.
Given the concerns around stablecoins, central bank digital currencies (CBDC) are better "stable solutions" for every country, Sankar said.
#reservebankofindia #stablecoin #crypto2023 #cryptoindia #cryptoonindia
Facts why we dont use Indian Exchanges
#cryptoexchange #cryptoindia #IndiaCryptoRevolution #CryptoCommunityWatch #trendingtoday
#cryptoexchange #cryptoindia #IndiaCryptoRevolution #CryptoCommunityWatch #trendingtoday
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📢 Crypto News
🇮🇳 The Indian Finance Minister👇
“All direct and indirect taxes will remain the same.”
#Crypto was not on the agenda in the budget💼
So, for another year, the same story.
#Budget2024 #BudgetSession #Write2Earn #BudgetSession2024 #cryptoindia
🇮🇳 The Indian Finance Minister👇
“All direct and indirect taxes will remain the same.”
#Crypto was not on the agenda in the budget💼
So, for another year, the same story.
#Budget2024 #BudgetSession #Write2Earn #BudgetSession2024 #cryptoindia
Indian User Loves Binance and Binance Loves Indian User 🇮🇳
Binance has released two new URLs for Indian customers to access the #Binance platform without VPN.
#binance #cryptoindia #BTC #etf
Binance has released two new URLs for Indian customers to access the #Binance platform without VPN.
#binance #cryptoindia #BTC #etf
While the work of preparation of 'synthesis paper' is underway, India has submitted a 'Presidency Note' to the G20 membership laying down important inputs for a roadmap on crypto assets, said an official release.
Union Finance Minister Nirmala Sitharaman on Tuesday said various issues surrounding cryptocurrencies were discussed at a key G20 meeting here and India's inputs will play an important role in formulating a comprehensive global policy for the new-age assets.
She made the comments while addressing the media at the Mahatma Mandir convention centre here in Gujarat after the conclusion of the 3rd meeting of G20 Finance Ministers and Central Bank Governors (FMCBGs) held under India's presidency of the intergovernmental forum.
#india #g20 #cryptoregulations #cryptoindia #cryptoonindia
Union Finance Minister Nirmala Sitharaman on Tuesday said various issues surrounding cryptocurrencies were discussed at a key G20 meeting here and India's inputs will play an important role in formulating a comprehensive global policy for the new-age assets.
She made the comments while addressing the media at the Mahatma Mandir convention centre here in Gujarat after the conclusion of the 3rd meeting of G20 Finance Ministers and Central Bank Governors (FMCBGs) held under India's presidency of the intergovernmental forum.
#india #g20 #cryptoregulations #cryptoindia #cryptoonindia
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
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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
Indian Government's Crackdown on #binance and other #cryptoexchange
The Indian government's crackdown on Binance and other foreign cryptocurrency exchanges impacts the crypto market on Binance's trading platform, especially in the Indian context. Here are a few implications:
Market Liquidity: Since Indian exchanges are reported to heavily rely on Binance for liquidity, the government's action to block URLs associated with offshore exchanges like Binance could lead to a liquidity crunch in the local market. This affected trading volumes and market dynamics on Binance's platform, particularly for the Indian user base.
Investor Sentiment: Such regulatory actions will influence investor sentiment, potentially leading to cautious or risk-averse behavior among traders. If Indian users form a significant portion of Binance's user base, this could affect overall trading activity on the platform.
Market Volatility: Regulatory crackdowns often lead to increased market volatility, as traders react to perceived risks and uncertainties. This could be observed in the short-term trading patterns on Binance, especially in cryptocurrencies that are popular among Indian investors.
Geographical Diversification: Binance, like other global crypto exchanges, has a diverse user base spread across various countries. While the Indian market is significant, Binance's global presence might help mitigate the impact of the Indian government's action on its overall trading volume and market health.
Long-Term Effects: The long-term impact on Binance's trading market will depend on how the situation evolves, including potential legal challenges, negotiations between the Indian government and the exchanges, and the broader regulatory environment for cryptocurrencies india #trading #cryptoindia #binanceIndia #pannicseller #indiangoverment
The Indian government's crackdown on Binance and other foreign cryptocurrency exchanges impacts the crypto market on Binance's trading platform, especially in the Indian context. Here are a few implications:
Market Liquidity: Since Indian exchanges are reported to heavily rely on Binance for liquidity, the government's action to block URLs associated with offshore exchanges like Binance could lead to a liquidity crunch in the local market. This affected trading volumes and market dynamics on Binance's platform, particularly for the Indian user base.
Investor Sentiment: Such regulatory actions will influence investor sentiment, potentially leading to cautious or risk-averse behavior among traders. If Indian users form a significant portion of Binance's user base, this could affect overall trading activity on the platform.
Market Volatility: Regulatory crackdowns often lead to increased market volatility, as traders react to perceived risks and uncertainties. This could be observed in the short-term trading patterns on Binance, especially in cryptocurrencies that are popular among Indian investors.
Geographical Diversification: Binance, like other global crypto exchanges, has a diverse user base spread across various countries. While the Indian market is significant, Binance's global presence might help mitigate the impact of the Indian government's action on its overall trading volume and market health.
Long-Term Effects: The long-term impact on Binance's trading market will depend on how the situation evolves, including potential legal challenges, negotiations between the Indian government and the exchanges, and the broader regulatory environment for cryptocurrencies india #trading #cryptoindia #binanceIndia #pannicseller #indiangoverment
Fake tweet caused a whirl wind in crypto community #CryptoNews🔒📰🚫 #cryptoindia #ETFsApproval #BinanceMissions #trendingtoday
LIVE
Coinpedia
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Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 ...
The post Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 Hours appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) faced a major cybersecurity incident yesterday, causing disarray in the highly anticipated decision on Bitcoin exchange-traded funds (ETFs). A fake post claiming approval for the products, originating from a compromised SEC account on X, sent the cryptocurrency’s price soaring briefly before authorities launched an investigation.
How it Impacted the Crypto Market
The fake tweet caused an immediate surge in the Bitcoin price, which almost reached $48,000 at the time. Then, at 4:26 p.m., Gary Gensler, chair of the SEC, posted that the agency’s account had been hacked, resulting in an unauthorized fake tweet. At this point, the price of bitcoin was triggered to suddenly drop to $46,800 and fall to $45,881.
900 Million Liquidation Due to Fake News
The cryptocurrency market experienced a substantial drop in value after a fake approval post for spot exchange-traded funds (ETFs). Bitcoin’s market capitalization plummeted by approximately $50 billion within the last 24 hours, according to Coinglass data. The top cryptocurrency’s price dropped to $890 billion before recovering to around $900 billion at press time.
Security Measures
The incident has raised questions about the SEC’s security measures to protect its social accounts. Some market participants have criticized the regulator’s seemingly lax approach to protecting its social accounts and raised concerns about how the SEC can safeguard trillion-dollar markets if it cannot protect its social accounts.
The U.S. Securities and Exchange Commission (SEC) faced a major cybersecurity incident yesterday, causing disarray in the highly anticipated decision on Bitcoin exchange-traded funds (ETFs). A fake post claiming approval for the products, originating from a compromised SEC account on X, sent the cryptocurrency’s price soaring briefly before authorities launched an investigation.
How it Impacted the Crypto Market
The fake tweet caused an immediate surge in the Bitcoin price, which almost reached $48,000 at the time. Then, at 4:26 p.m., Gary Gensler, chair of the SEC, posted that the agency’s account had been hacked, resulting in an unauthorized fake tweet. At this point, the price of bitcoin was triggered to suddenly drop to $46,800 and fall to $45,881.
900 Million Liquidation Due to Fake News
The cryptocurrency market experienced a substantial drop in value after a fake approval post for spot exchange-traded funds (ETFs). Bitcoin’s market capitalization plummeted by approximately $50 billion within the last 24 hours, according to Coinglass data. The top cryptocurrency’s price dropped to $890 billion before recovering to around $900 billion at press time.
Security Measures
The incident has raised questions about the SEC’s security measures to protect its social accounts. Some market participants have criticized the regulator’s seemingly lax approach to protecting its social accounts and raised concerns about how the SEC can safeguard trillion-dollar markets if it cannot protect its social accounts.
#indiangoverment 👎!! This rule is effective from Jan 1 #CryptoNews🔒📰🚫 #cryptoindia #CryptoTrends2024 #Cryptocurrrency
LIVEAman Sai
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🚨 New #crypto tax reporting obligations took effect on Jan 1.
If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.
I think we are using bank accounts not crypto 😂 lol
I like cex but this ecosystem need more dex 🫡
If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.
I think we are using bank accounts not crypto 😂 lol
I like cex but this ecosystem need more dex 🫡
With the growing global significance of crypto-assets, the need for well-crafted regulatory structures is gaining paramount importance.
In a noteworthy move, the Indian Supreme Court presses for crypto regulation and proactively engaged in seeking solutions within this domain.
The court has voiced apprehensions regarding the existing regulatory ambiguity and is urging the Union Government to take more resolute steps in formulating comprehensive cryptocurrency legislation.
As per a Hindustan Times report, the justices have openly scrutinized the government’s stance on the emerging sector.
#india #cryptocurrency #regulations #cryptoindia #cryptoonindia
In a noteworthy move, the Indian Supreme Court presses for crypto regulation and proactively engaged in seeking solutions within this domain.
The court has voiced apprehensions regarding the existing regulatory ambiguity and is urging the Union Government to take more resolute steps in formulating comprehensive cryptocurrency legislation.
As per a Hindustan Times report, the justices have openly scrutinized the government’s stance on the emerging sector.
#india #cryptocurrency #regulations #cryptoindia #cryptoonindia
