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Crypto_On_India
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Indian crypto exchange Giottus has estimated that the FTX collapse fall has impacted nearly 5 Lakh Indians. “The FTX crash has hit many people. We estimate that 3-5 Lakh Indians would have had exposure to the exchange and its token FTT. #Binance #ftx #collapse #indian #investor
Indian crypto exchange Giottus has estimated that the FTX collapse fall has impacted nearly 5 Lakh Indians.

“The FTX crash has hit many people. We estimate that 3-5 Lakh Indians would have had exposure to the exchange and its token FTT.
#Binance #ftx #collapse #indian #investor
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Haussier
🔥🔥BREAKING 🔥 👉1. Challenges Faced by India: Strict taxation rules: 30% tax on gains and 1% TDS on trades. Reduced trade volumes due to stringent regulations. Indian #crypto industry is facing survival challenges. 👉2. Global Cryto Crimes Index: India ranks 26th with one fraud in 2022. US and UK ranked 2nd and 5th, with frauds worth over $2.5 Bn in 2022. 👉3. 7. Significance for LMI (Lower Middle Income) Countries: Countries like India, Nigeria, Ukraine are LMI nations. LMI nations are seeing the greatest recovery in grassroots #crypto adoption. Over 40% of the world's population resides in LMI countries. 👉4. Global Perspective: Despite setbacks like the FTX crypto exchange collapse, optimism remains high. High institutional adoption noted, especially in high-income countries. Countries showing growing crypto activity: Indonesia, Pakistan, Brazil, China, Turkey, Russia, UK, Argentina, Mexico, Bangladesh, Japan, Canada, and Morocco. 👉5. Conclusion: Despite regulatory challenges, India's grassroots adoption of crypto showcases the potential of digital currencies in reshaping global finance, especially in LMI countries #indiangoverment #indian
🔥🔥BREAKING 🔥

👉1. Challenges Faced by India:

Strict taxation rules: 30% tax on gains and 1% TDS on trades.

Reduced trade volumes due to stringent regulations.

Indian #crypto industry is facing survival challenges.

👉2. Global Cryto Crimes Index:

India ranks 26th with one fraud in 2022.

US and UK ranked 2nd and 5th, with frauds worth over $2.5 Bn in 2022.

👉3. 7. Significance for LMI (Lower Middle Income) Countries:

Countries like India, Nigeria, Ukraine are LMI nations.

LMI nations are seeing the greatest recovery in grassroots #crypto adoption.

Over 40% of the world's population resides in LMI countries.

👉4. Global Perspective: Despite setbacks like the FTX crypto exchange collapse, optimism remains high.

High institutional adoption noted, especially in high-income countries.

Countries showing growing crypto activity: Indonesia, Pakistan, Brazil, China, Turkey, Russia, UK, Argentina, Mexico, Bangladesh, Japan, Canada, and Morocco.

👉5. Conclusion:

Despite regulatory challenges, India's grassroots adoption of crypto showcases the potential of digital currencies in reshaping global finance, especially in LMI countries

#indiangoverment #indian
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Baissier
unknown sources says foreign exchangr will not accept indian users in upcoming months, india banned the Foreign exchange if they violate the law continues they will not enter in #indian market. indian law agencies looking to foreign exchange where sign up is open for new users. also sources said must seize the new sign up or old account to withdraw money from global exchange as i said #binance will force to solve the issue with #wazirX . recently indian exchange is getting more users from global exchange. $WRX $BNB $PROS $btc $eth $dot #BTC #ETH
unknown sources says foreign exchangr will not accept indian users in upcoming months, india banned the Foreign exchange if they violate the law continues they will not enter in #indian market. indian law agencies looking to foreign exchange where sign up is open for new users. also sources said must seize the new sign up or old account to withdraw money from global exchange

as i said #binance will force to solve the issue with #wazirX . recently indian exchange is getting more users from global exchange.

$WRX $BNB $PROS $btc $eth $dot

#BTC #ETH
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