indiangoverment
8,263 vues
10 Publications
Tendance
Récents
Apple Removes Binance and Kraken Cryptocurrency Apps from Indian App Store 🚨🚨🚨🚨🚨🚨🚨‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
Several cryptocurrency exchange apps, including Binance and Kraken, have vanished from the Apple App Store in India. This move comes in response to regulatory concerns raised by the Financial Intelligence Unit (FIU), which accused these global firms of operating "illegally" in the country. The FIU issued show cause notices to nine crypto firms, alleging non-compliance with India's anti-money laundering rules. The affected exchanges also include Mexc, Kucoin, Huobi, Gate.io, Bittrex, and Bitfinex.
Many Indian traders have shifted to global cryptocurrency platforms, possibly to evade taxes, as India started taxing virtual currencies last year. This move included a 30% tax on gains and a 1% deduction on each crypto transaction. While India-based exchanges like CoinSwitch Kuber and CoinDCX remain compliant with India’s PMLA requirements, global platforms face challenges in adapting to the country's regulatory landscape. The historical tough stance of India towards cryptocurrencies, including a past ban by the Reserve Bank, continues to shape the regulatory environment.
#etf #IndiaCryptoBan #indiangoverment #Apple.App.Store #applestore $BTC $BNB $XRP
Several cryptocurrency exchange apps, including Binance and Kraken, have vanished from the Apple App Store in India. This move comes in response to regulatory concerns raised by the Financial Intelligence Unit (FIU), which accused these global firms of operating "illegally" in the country. The FIU issued show cause notices to nine crypto firms, alleging non-compliance with India's anti-money laundering rules. The affected exchanges also include Mexc, Kucoin, Huobi, Gate.io, Bittrex, and Bitfinex.
Many Indian traders have shifted to global cryptocurrency platforms, possibly to evade taxes, as India started taxing virtual currencies last year. This move included a 30% tax on gains and a 1% deduction on each crypto transaction. While India-based exchanges like CoinSwitch Kuber and CoinDCX remain compliant with India’s PMLA requirements, global platforms face challenges in adapting to the country's regulatory landscape. The historical tough stance of India towards cryptocurrencies, including a past ban by the Reserve Bank, continues to shape the regulatory environment.
#etf #IndiaCryptoBan #indiangoverment #Apple.App.Store #applestore $BTC $BNB $XRP
#indiangoverment 👎!! This rule is effective from Jan 1 #CryptoNews🔒📰🚫 #cryptoindia #CryptoTrends2024 #Cryptocurrrency
LIVE
Aman Sai
--
🚨 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 🫡
🔥🔥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
👉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
#indiangoverment Tax Crypto and earn! Banning is not a solution 💐
LIVEMbeyaconscious
--
Unleashing India's Crypto Potential: A Call for Reduced Taxes 🇮🇳
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
🌐 Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
💼 Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
💸 Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
🌍 Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
📢 Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
🚀 Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
🤝 Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
🌈 Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! 🇮🇳 #CryptoTaxReform #IndiaCryptoRevolution
Introduction:
In the dynamic landscape of cryptocurrencies, India stands at a crucial crossroads. The pressing need for reduced crypto taxes is not just a demand; it's a strategic imperative for unlocking the country's full potential in the digital economy.
Why Reduce Crypto Taxes?
🌐 Global Competitiveness: To compete on the international stage, India must align its tax policies with global standards, attracting investment and fostering innovation.
💼 Job Creation: Lower taxes will stimulate job creation across diverse sectors, from technology to legal services, fostering economic growth and expertise within the country.
💸 Tax Revenue through Compliance: A balanced tax structure encourages compliance, contributing positively to the government's revenue through transparent channels.
🌍 Financial Inclusion: Crypto can empower the unbanked and underbanked, promoting financial inclusivity. Lower taxes make crypto more accessible to a broader demographic.
📢 Public Advocacy: Join the movement! Social media campaigns amplify the collective voice of the crypto community, influencing policymakers and creating positive change.
Emotional Appeal:
🚀 Excitement: Imagine the surge of innovation and entrepreneurial spirit when crypto enthusiasts are given the freedom to explore and invest without burdensome taxes.
🤝 Hope: Lower taxes create opportunities for collaboration between traditional and crypto industries, forging a path to a brighter economic future for India.
please vote Mbeyaconscious to win award
🌈 Inclusivity: By reducing barriers, India can embrace a diverse range of individuals, fostering a sense of belonging and participation in the digital revolution.
Let's join hands to urge the government to reduce crypto taxes. Share this message far and wide. Together, we can pave the way for India's ascent in the global crypto arena! 🇮🇳 #CryptoTaxReform #IndiaCryptoRevolution
LIVECrypto Insights Pro
--
Just now I checked OKX crypto exchange is also blocked. So the stupid government is blocking all foreign exchanges so that waste Indian exchanges will profit
#IndianRegulation #cryptoindia #IndiaCryptoBan #TradeNTell
#IndianRegulation #cryptoindia #IndiaCryptoBan #TradeNTell
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
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