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Gynecologist Loses $132k+ in Crypto Scam on Facebook
#cryptonews #scam
According to a report from Mumbai, #India , a gynecologist has found himself in a harrowing situation, having lost a staggering sum of over $132,144, via a crypto scam. The report noted that the doctor lost the funds after engaging with a woman he met online who purportedly offered guidance in crypto investments.
Per the doctor’s complaint filed with India’s central cybercrime police station, the doctor’s ordeal commenced in August 2022. It started with an unsolicited message on Facebook regarding crypto trading from an individual identifying as Melissa Campbell. According to the report, the doctor and Campbell got talking about crypto investment after the lady positioned herself as a crypto trading expert.
Reportedly, Campbell offered assurances of substantial profits and recommended setting up a trading account. Therefore, the doctor provided personal information, including his mobile number, email address, and driver’s license, per the police report.
Following Campbell’s instructions, the doctor created his account on a crypto trading platform. Over time, he invested more than $132,000, purchasing cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoin USDT. Also, under Campbell’s guidance, the gynecologist further transferred the cryptocurrencies to another wallet address with the promise of enhanced profits through trading.
Meanwhile, the doctor only inquired about the redemption process when he believed he had accrued substantial profits. In parallel, Campbell informed him that he needed to cover taxes and commissions. The report noted that the doctor desperately borrowed $33,636 from a friend to settle the outstanding bill. However, the demands for additional funds continued, leaving the doctor suspicious.
Nearly a year after the ordeal began, the doctor contacted the police to lodge a First Information Report (FIR) for cheating under the Indian Penal Code (IPC). The matter is currently under investigation.
#facebook #crypto
#cryptonews #scam
According to a report from Mumbai, #India , a gynecologist has found himself in a harrowing situation, having lost a staggering sum of over $132,144, via a crypto scam. The report noted that the doctor lost the funds after engaging with a woman he met online who purportedly offered guidance in crypto investments.
Per the doctor’s complaint filed with India’s central cybercrime police station, the doctor’s ordeal commenced in August 2022. It started with an unsolicited message on Facebook regarding crypto trading from an individual identifying as Melissa Campbell. According to the report, the doctor and Campbell got talking about crypto investment after the lady positioned herself as a crypto trading expert.
Reportedly, Campbell offered assurances of substantial profits and recommended setting up a trading account. Therefore, the doctor provided personal information, including his mobile number, email address, and driver’s license, per the police report.
Following Campbell’s instructions, the doctor created his account on a crypto trading platform. Over time, he invested more than $132,000, purchasing cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoin USDT. Also, under Campbell’s guidance, the gynecologist further transferred the cryptocurrencies to another wallet address with the promise of enhanced profits through trading.
Meanwhile, the doctor only inquired about the redemption process when he believed he had accrued substantial profits. In parallel, Campbell informed him that he needed to cover taxes and commissions. The report noted that the doctor desperately borrowed $33,636 from a friend to settle the outstanding bill. However, the demands for additional funds continued, leaving the doctor suspicious.
Nearly a year after the ordeal began, the doctor contacted the police to lodge a First Information Report (FIR) for cheating under the Indian Penal Code (IPC). The matter is currently under investigation.
#facebook #crypto
India Seeks Offline Solutions to Facilitate CBDC Adoption in Rural Areas
Expansion in rural and urban areas with minimal or no internet connectivity could be supported by the implementation of offline solutions.
Introducing Offline Features to Support Digital Rupee
Governor of the Reserve Bank of India (RBI) Shaktikanta Das announced that the central bank will explore offline solutions to support the adoption of its central bank digital currency (CBDC), the digital rupee, particularly in remote areas with limited internet access.
Plans for Offline Feature Implementation
As part of this initiative, various offline solutions for hilly, rural, and urban environments, including proximity-based and non-proximity-based solutions, will be considered, as reported by the Press Trust of India. During the monetary policy review on February 8, the RBI governor stated:
"We propose to introduce an offline function in CBDC-R, which will enable transactions in areas with poor or limited internet connectivity. These functions will be gradually introduced through pilot programs."
Offline Features and Future Plans
Plans to implement offline features were first introduced in March 2023, when Ajay Kumar Choudhary, RBI's Executive Director, stated that the central bank is exploring CBDC possibilities for cross-border transactions and integration with older systems in other countries.
Objectives and Vision of CBDC in India
While the digital rupee is undergoing testing for offline capabilities, other payment methods such as the popular Unified Payments Interface (UPI) already offer offline options. Siddharth Sogani, CEO of the Indian blockchain analytics firm Crebaco, emphasized that the primary goal of CBDC is to increase money monitoring and eliminate cash from the system.
Conclusion
RBI launched the pilot operation of its retail CBDC in December 2022 and achieved the goal of one million transactions per day in December 2023. Both developing and developed economies share the motivation behind their CBDC projects: financial stability and the efficiency of cross-border payments. However, developing countries also hope that CBDC will strengthen financial inclusion.
#India #CBDC #crypto
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Introducing Offline Features to Support Digital Rupee
Governor of the Reserve Bank of India (RBI) Shaktikanta Das announced that the central bank will explore offline solutions to support the adoption of its central bank digital currency (CBDC), the digital rupee, particularly in remote areas with limited internet access.
Plans for Offline Feature Implementation
As part of this initiative, various offline solutions for hilly, rural, and urban environments, including proximity-based and non-proximity-based solutions, will be considered, as reported by the Press Trust of India. During the monetary policy review on February 8, the RBI governor stated:
"We propose to introduce an offline function in CBDC-R, which will enable transactions in areas with poor or limited internet connectivity. These functions will be gradually introduced through pilot programs."
Offline Features and Future Plans
Plans to implement offline features were first introduced in March 2023, when Ajay Kumar Choudhary, RBI's Executive Director, stated that the central bank is exploring CBDC possibilities for cross-border transactions and integration with older systems in other countries.
Objectives and Vision of CBDC in India
While the digital rupee is undergoing testing for offline capabilities, other payment methods such as the popular Unified Payments Interface (UPI) already offer offline options. Siddharth Sogani, CEO of the Indian blockchain analytics firm Crebaco, emphasized that the primary goal of CBDC is to increase money monitoring and eliminate cash from the system.
Conclusion
RBI launched the pilot operation of its retail CBDC in December 2022 and achieved the goal of one million transactions per day in December 2023. Both developing and developed economies share the motivation behind their CBDC projects: financial stability and the efficiency of cross-border payments. However, developing countries also hope that CBDC will strengthen financial inclusion.
#India #CBDC #crypto
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
#India is going to be the bigger cryptocurrency market hub in the near future.
India is one of the countries in the world which is looking for employment opportunities with its huge population and the existing industry in India will also be able to control unemployment to a certain extent but not to the full extent which is one of them. The reason is also that India is competing with China, whose products already occupied a 3/4 of the world market. Therefore, India is very serious about cryptocurrency business .Indians will revolutionize the business based of population
But the government's plan is currently being hindered by public representatives who either cannot understand crypto or consider crypto to be a threat for there business
but Indian government spokespersons are telling that in the coming times, India is going to make its own iron in the world's crypto market.
you would be a good partner in this Indian's crypto market if your follow to me.
#toptrending
#hightrending
#topranking
India is one of the countries in the world which is looking for employment opportunities with its huge population and the existing industry in India will also be able to control unemployment to a certain extent but not to the full extent which is one of them. The reason is also that India is competing with China, whose products already occupied a 3/4 of the world market. Therefore, India is very serious about cryptocurrency business .Indians will revolutionize the business based of population
But the government's plan is currently being hindered by public representatives who either cannot understand crypto or consider crypto to be a threat for there business
but Indian government spokespersons are telling that in the coming times, India is going to make its own iron in the world's crypto market.
you would be a good partner in this Indian's crypto market if your follow to me.
#toptrending
#hightrending
#topranking
EVOLUTION OF CRYPTO REGULATIONS IN 🇮🇳
2017->Zero clarity.
2018-> Ban on cryptocurrencies by the RBI.
2019 -> Lawmakers proposed a 10-year jail term for cryptocurrency trading. 🇮🇳.
2020 -> In a historic case between crypto and the RBI, crypto wins the case in the Supreme Court.
2023 ⤵️
- > Crypto companies as reporting entities under PMLA.
- > KYC for crypto exchanges
- > Clarity on income tax
- > TDS clarity
- > Registration of domestic crypto companies with FIU.
- > Offshore crypto exchanges serving Indians need to register with FIU (Financial Intelligence Unit)
The FIU has issued a show cause notice to 9 crypto offshore crypto exchanges. Either they come forward and register with the FIU or the URLs will be blocked.
The FIU's job in India is simple: create a mechanism to verify crypto transactions. Select the transactions that look suspicious and report them to the ED, Income Tax Department and other relevant departments.
The FIU had control over Indians trading on Indian exchanges, but not Indians trading on offshore exchanges.
This should be seen as a positive 1st step as now offshore crypto exchanges might open up Indian Entity, local offices, hire compliance officer based out of India.
Not every offshore crypto exchanges might be interested but the big global crypto players can't afford to ignore India.
This will take the industry to next level and there will be a level playing field for everyone. The Indian exchanges have nothing to complain as the rules are going to be same for everyone.
FIU registration is just a first mini step, few more things after FIU registration might follow:
-> TDS deduction clarity by off shore exchanges
-> Will Indian govt provide offshore crypto exchanges its KYC mechanism.
Those who think when "crypto bill " will be presented in the parliament? My answer is that almost all the ingredients of the bill are out. The only clarity left at present is on:
- Non custodial wallets
- DEX
- DeFi
Will 2024 be that year? Maybe or maybe not.
Source @Kashif Raza
#India #etf
2017->Zero clarity.
2018-> Ban on cryptocurrencies by the RBI.
2019 -> Lawmakers proposed a 10-year jail term for cryptocurrency trading. 🇮🇳.
2020 -> In a historic case between crypto and the RBI, crypto wins the case in the Supreme Court.
2023 ⤵️
- > Crypto companies as reporting entities under PMLA.
- > KYC for crypto exchanges
- > Clarity on income tax
- > TDS clarity
- > Registration of domestic crypto companies with FIU.
- > Offshore crypto exchanges serving Indians need to register with FIU (Financial Intelligence Unit)
The FIU has issued a show cause notice to 9 crypto offshore crypto exchanges. Either they come forward and register with the FIU or the URLs will be blocked.
The FIU's job in India is simple: create a mechanism to verify crypto transactions. Select the transactions that look suspicious and report them to the ED, Income Tax Department and other relevant departments.
The FIU had control over Indians trading on Indian exchanges, but not Indians trading on offshore exchanges.
This should be seen as a positive 1st step as now offshore crypto exchanges might open up Indian Entity, local offices, hire compliance officer based out of India.
Not every offshore crypto exchanges might be interested but the big global crypto players can't afford to ignore India.
This will take the industry to next level and there will be a level playing field for everyone. The Indian exchanges have nothing to complain as the rules are going to be same for everyone.
FIU registration is just a first mini step, few more things after FIU registration might follow:
-> TDS deduction clarity by off shore exchanges
-> Will Indian govt provide offshore crypto exchanges its KYC mechanism.
Those who think when "crypto bill " will be presented in the parliament? My answer is that almost all the ingredients of the bill are out. The only clarity left at present is on:
- Non custodial wallets
- DEX
- DeFi
Will 2024 be that year? Maybe or maybe not.
Source @Kashif Raza
#India #etf
India Ranked 30th in Global Crypto Ownership.
Crypto Ownership Surges to 562 Million in 2024, Up 34% from 2023.
-> 25-34 age range (34%)
-> 35-44 age range (31%)
-> 61% male, 39% female
#bitcoin #cryptoranking #Binance #India
Crypto Ownership Surges to 562 Million in 2024, Up 34% from 2023.
-> 25-34 age range (34%)
-> 35-44 age range (31%)
-> 61% male, 39% female
#bitcoin #cryptoranking #Binance #India
🇮🇳 𝗜𝗻𝗱𝗶𝗮'𝘀 𝗕𝗼𝗹𝗱 𝗠𝗼𝘃𝗲: 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗖𝗕𝗗𝗖 𝗔𝗺𝗶𝗱 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗕𝗮𝗻!
🚀 The Indian government plans to launch a Central Bank Digital Currency (#CBDC) as a cutting-edge, cost-effective payment solution, addressing concerns over private cryptocurrencies and macroeconomic stability.
💡 Despite potential cryptocurrency bans, the Reserve Bank of India pioneers a digital rupee, revolutionizing the fintech sector, reducing cash handling, and boosting the digital economy.
🌱 CBDCs shine environmentally, with algorithm-driven processes, contrasting the energy-intensive mining of traditional cryptocurrencies.
💰 Backed by a sovereign or central bank, CBDCs eliminate mining processes, offering a secure and eco-friendly alternative.
🌐 Central bank governor Shaktikanta Das raises crucial questions on cryptocurrency's impact, emphasizing the need for careful risk management and questioning the practicality of regulation.
🔗 G20 nations consider higher restrictions, including a ban, based on concerns raised by the IMF and Financial Stability Board. Leadership acknowledges the importance of supporting innovative solutions in the public interest.
📰 Stay tuned for updates on India's financial evolution! 🇮🇳
#India #crypto2023
🚀 The Indian government plans to launch a Central Bank Digital Currency (#CBDC) as a cutting-edge, cost-effective payment solution, addressing concerns over private cryptocurrencies and macroeconomic stability.
💡 Despite potential cryptocurrency bans, the Reserve Bank of India pioneers a digital rupee, revolutionizing the fintech sector, reducing cash handling, and boosting the digital economy.
🌱 CBDCs shine environmentally, with algorithm-driven processes, contrasting the energy-intensive mining of traditional cryptocurrencies.
💰 Backed by a sovereign or central bank, CBDCs eliminate mining processes, offering a secure and eco-friendly alternative.
🌐 Central bank governor Shaktikanta Das raises crucial questions on cryptocurrency's impact, emphasizing the need for careful risk management and questioning the practicality of regulation.
🔗 G20 nations consider higher restrictions, including a ban, based on concerns raised by the IMF and Financial Stability Board. Leadership acknowledges the importance of supporting innovative solutions in the public interest.
📰 Stay tuned for updates on India's financial evolution! 🇮🇳
#India #crypto2023
🔴💥 Exciting Update Alert! 💥🔴
🚨 BREAKING NEWS: Indian Finance Minister Holds Taxes Steady! 🚨
Hold onto your seats, folks! The verdict's in, and there's no change in taxes, including those affecting trading and crypto! 📈💰
Stay plugged in for more juicy details on #BudgetSession #Budget2024! 💼🌟
#Finance #Taxation #Crypto #India 🇮🇳 #Write2Earn
🚨 BREAKING NEWS: Indian Finance Minister Holds Taxes Steady! 🚨
Hold onto your seats, folks! The verdict's in, and there's no change in taxes, including those affecting trading and crypto! 📈💰
Stay plugged in for more juicy details on #BudgetSession #Budget2024! 💼🌟
#Finance #Taxation #Crypto #India 🇮🇳 #Write2Earn
🇮🇳 Happy Independence Day 🇮🇳
As we celebrate 77 years of freedom, let's remember the courage and sacrifices of those who fought for our nation's independence. Today, we stand together as one, embracing our diversity and striving for a brighter future.
Let’s honor our heritage, cherish our freedoms, and continue to work towards making our country stronger and more united.
Jai Hind! 🇮🇳
#IndependenceDay #India
As we celebrate 77 years of freedom, let's remember the courage and sacrifices of those who fought for our nation's independence. Today, we stand together as one, embracing our diversity and striving for a brighter future.
Let’s honor our heritage, cherish our freedoms, and continue to work towards making our country stronger and more united.
Jai Hind! 🇮🇳
#IndependenceDay #India
🌐 𝗘𝗫𝗖𝗜𝗧𝗜𝗡𝗚 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚 𝗡𝗘𝗪𝗦 𝗨𝗡𝗩𝗘𝗜𝗟𝗘𝗗! 🚀
🌍 A groundbreaking alliance of nations – Brazil, Russia, #India , China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates – has just announced the creation of an independent payment system powered by cryptocurrency and blockchain technology! 🚀💱
💡 Join the future of finance as these powerhouse nations pioneer a new era in secure, decentralized transactions. 🌐🔗 Embrace innovation, embrace progress! 🚀✨ #CryptoRevolution #Binance #TrendingTopic #GlobalInnovation 🌍🌐
🌍 A groundbreaking alliance of nations – Brazil, Russia, #India , China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates – has just announced the creation of an independent payment system powered by cryptocurrency and blockchain technology! 🚀💱
💡 Join the future of finance as these powerhouse nations pioneer a new era in secure, decentralized transactions. 🌐🔗 Embrace innovation, embrace progress! 🚀✨ #CryptoRevolution #Binance #TrendingTopic #GlobalInnovation 🌍🌐
India's Oil Transaction with UAE Using XRP Ledger: Is This the Catalyst for Altcoin Growth?
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
India has made a bold move by completing an oil transaction with the UAE using the XRP Ledger. This game-changing event raises the question: could altcoins see a surge in popularity as a result? Read this article to learn more.
India's recent crude oil transaction using local currencies, bypassing the US Dollar, marks a significant shift in global trade dynamics. This development is integrated with the XRP Ledger System's CryptoTradingFund (CTF), allowing customers to earn CTF tokens as cashback on transactions made with XRP.
The integration offers a dual advantage: it reduces the costs of dollar conversion while providing customers with rewards that can be used for purchases or converted to cash.
This move not only streamlines global trade by leveraging blockchain technology but also supports a more diverse and efficient multi-currency system, potentially paving the way for reduced transaction fees and enhanced financial flexibility.
India's groundbreaking oil transaction with the UAE using the XRP Ledger could be a major catalyst for the growth of altcoins, particularly as it showcases the potential of blockchain technology in global trade.
By leveraging the XRP Ledger and integrating it with CryptoTradingFund (CTF), India has demonstrated a move towards more efficient, cost-effective, and diverse financial systems. This could pave the way for broader adoption of altcoins in mainstream financial transactions, driving demand and potentially sparking a surge in their popularity.
#India #UAE #XRP #Ripple #CryptoNews $XRP $BTC $SOL
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
India has made a bold move by completing an oil transaction with the UAE using the XRP Ledger. This game-changing event raises the question: could altcoins see a surge in popularity as a result? Read this article to learn more.
India's recent crude oil transaction using local currencies, bypassing the US Dollar, marks a significant shift in global trade dynamics. This development is integrated with the XRP Ledger System's CryptoTradingFund (CTF), allowing customers to earn CTF tokens as cashback on transactions made with XRP.
The integration offers a dual advantage: it reduces the costs of dollar conversion while providing customers with rewards that can be used for purchases or converted to cash.
This move not only streamlines global trade by leveraging blockchain technology but also supports a more diverse and efficient multi-currency system, potentially paving the way for reduced transaction fees and enhanced financial flexibility.
India's groundbreaking oil transaction with the UAE using the XRP Ledger could be a major catalyst for the growth of altcoins, particularly as it showcases the potential of blockchain technology in global trade.
By leveraging the XRP Ledger and integrating it with CryptoTradingFund (CTF), India has demonstrated a move towards more efficient, cost-effective, and diverse financial systems. This could pave the way for broader adoption of altcoins in mainstream financial transactions, driving demand and potentially sparking a surge in their popularity.
#India #UAE #XRP #Ripple #CryptoNews $XRP $BTC $SOL
🌐✨ 𝗘𝗺𝗯𝗮𝗿𝗸 𝗼𝗻 𝘁𝗵𝗲 𝗖𝗿𝘆𝗽𝘁𝗼 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮!🚀🇮🇳
🔥 Break Free from Regulatory Chains! Unblock #Binance on Indian PlayStore! 📲💥
🚨 Tired of 30% Crypto Taxes? 📉 Let's Slash It to 5% – Your Voice Matters! 🗣️✊
💪 Join the Thunder! Sign the Petition, Share the Buzz, Ignite a Future of Prosperity! 💼🚀 #CryptoFreedom #India #reducecryptotax #TrendigTopic #TaxBreakthrough 🌟
🔥 Break Free from Regulatory Chains! Unblock #Binance on Indian PlayStore! 📲💥
🚨 Tired of 30% Crypto Taxes? 📉 Let's Slash It to 5% – Your Voice Matters! 🗣️✊
💪 Join the Thunder! Sign the Petition, Share the Buzz, Ignite a Future of Prosperity! 💼🚀 #CryptoFreedom #India #reducecryptotax #TrendigTopic #TaxBreakthrough 🌟
💸🚀 how many things can i purchase with 100 usdt in my country ? 🚀
Hi guys In this post i will tell u how much is 100 usdt’s purchasing power In my country
So 100 usdt in india is worth 8700 rs ( apx ) Now let’s see what u can do with it in india
Purchase a decent smartphone
or
4g data for 3.5 years
or
Food for atleast 3 months ( In smaller cities )
or
rent for 1 month
or
Educational fees of Pre graduation classes
or
Purchase a 2nd hand PC 😁
So i showed u the power of 100 usdt in my country , How much powerful is it in your countrt ?
#India #Bykaranteli
Hi guys In this post i will tell u how much is 100 usdt’s purchasing power In my country
So 100 usdt in india is worth 8700 rs ( apx ) Now let’s see what u can do with it in india
Purchase a decent smartphone
or
4g data for 3.5 years
or
Food for atleast 3 months ( In smaller cities )
or
rent for 1 month
or
Educational fees of Pre graduation classes
or
Purchase a 2nd hand PC 😁
So i showed u the power of 100 usdt in my country , How much powerful is it in your countrt ?
#India #Bykaranteli
🚨 Exciting Announcement! 🚨
🇮🇳 Calling all Indian crypto enthusiasts! 🇮🇳
Attention, Attention! The Indian government has just dropped a bombshell regarding #Binance ! Despite fervent appeals to resume operations, the government is holding firm on enforcing PMLA regulations. 📜
🔥 Let's ignite a fiery discussion! What's your take on this latest twist in the crypto saga? Share your thoughts below and let's dive into this hot topic together! 💬👇
#CryptoBuzz #Write2Earn #India #StayInformed 💥
🇮🇳 Calling all Indian crypto enthusiasts! 🇮🇳
Attention, Attention! The Indian government has just dropped a bombshell regarding #Binance ! Despite fervent appeals to resume operations, the government is holding firm on enforcing PMLA regulations. 📜
🔥 Let's ignite a fiery discussion! What's your take on this latest twist in the crypto saga? Share your thoughts below and let's dive into this hot topic together! 💬👇
#CryptoBuzz #Write2Earn #India #StayInformed 💥
**India's Thriving Web3 Innovation at Crossroads: Call to Reassess Crypto Taxation**
In the vibrant corridors of India's digital economy, a staggering 900+ startups are shaping the future of Web3.0, reflecting the country's leap to the forefront of technological adoption. Despite the heavy blanket of taxation – a formidable 30% tax on gains, plus a 1% TDS on transactions – the Indian spirit of innovation in the crypto space has not wavered. India's position as the number one hotbed for Web3 adoption is not just a statistic; it's a statement.
Yet, there's a paradox here. With 11% of the global Web3 developers crafting their future in India, the country is an undeniable nucleus of the next internet iteration. However, the current tax regime poses a stifling challenge that could throttle this burgeoning ecosystem, potentially driving innovation to more supportive shores.
The juxtaposition of high taxes against the soaring adoption raises fundamental questions: How sustainable is this growth under the current fiscal framework? Is the balance between taxation and innovation being duly considered?
Much like the revolution fueling the technology itself, a movement is afoot. #ReduceCryptoTax resonates with the pulse of the digital nation seeking to nurture its technological prowess while calling for a crypto tax structure that bolsters, not hinders, innovation.
**Join us in advocating for favorable crypto tax laws.**
Let's ensure that India's tryst with technology remains at the cutting edge. We owe it to the trailblazers and visionaries of the Web3.0 world to support a framework that continues to make India a global hub.
Together, with a unified voice, we can pave the way for a brighter, more inclusive digital future.
Lend your voice to the movement. #ReduceCryptoTax
The future isn't just built with code – it's built with the right policies.
#reducecryptotax #Binance #BTC #India
In the vibrant corridors of India's digital economy, a staggering 900+ startups are shaping the future of Web3.0, reflecting the country's leap to the forefront of technological adoption. Despite the heavy blanket of taxation – a formidable 30% tax on gains, plus a 1% TDS on transactions – the Indian spirit of innovation in the crypto space has not wavered. India's position as the number one hotbed for Web3 adoption is not just a statistic; it's a statement.
Yet, there's a paradox here. With 11% of the global Web3 developers crafting their future in India, the country is an undeniable nucleus of the next internet iteration. However, the current tax regime poses a stifling challenge that could throttle this burgeoning ecosystem, potentially driving innovation to more supportive shores.
The juxtaposition of high taxes against the soaring adoption raises fundamental questions: How sustainable is this growth under the current fiscal framework? Is the balance between taxation and innovation being duly considered?
Much like the revolution fueling the technology itself, a movement is afoot. #ReduceCryptoTax resonates with the pulse of the digital nation seeking to nurture its technological prowess while calling for a crypto tax structure that bolsters, not hinders, innovation.
**Join us in advocating for favorable crypto tax laws.**
Let's ensure that India's tryst with technology remains at the cutting edge. We owe it to the trailblazers and visionaries of the Web3.0 world to support a framework that continues to make India a global hub.
Together, with a unified voice, we can pave the way for a brighter, more inclusive digital future.
Lend your voice to the movement. #ReduceCryptoTax
The future isn't just built with code – it's built with the right policies.
#reducecryptotax #Binance #BTC #India
Binance is BACK in India! 🇮🇳🚀
After facing a temporary ban, Binance has officially resumed operations in India! 🎉 The world's largest crypto exchange is back to serving millions of Indian crypto enthusiasts.
This is a major win for the Indian crypto community! 🤝 What are your thoughts on this development? Let's discuss! #Binance #India #CryptoNewss #Cryptocurrency #Bitcoin❗ #Blockchain
After facing a temporary ban, Binance has officially resumed operations in India! 🎉 The world's largest crypto exchange is back to serving millions of Indian crypto enthusiasts.
This is a major win for the Indian crypto community! 🤝 What are your thoughts on this development? Let's discuss! #Binance #India #CryptoNewss #Cryptocurrency #Bitcoin❗ #Blockchain
Did you know that India is the #1 country in Web3 adoption and innovation? But our government is imposing a 30% tax on crypto and other virtual digital assets (VDAs), which is unfair and harmful for our Web3 community. Join us in demanding a rational and progressive crypto tax policy that supports our growth and potential. Share this post and use the hashtag #ReduceCryptoTax to make your voice heard!
#India #Binance #Web3 #SupportBinance
#India #Binance #Web3 #SupportBinance
🚀 Join the movement for a digital revolution in India! 🌟 𝗨𝗻𝗯𝗹𝗼𝗰𝗸 #Binance 𝗳𝗿𝗼𝗺 𝗜𝗻𝗱𝗶𝗮𝗻 𝗣𝗹𝗮𝘆𝗦𝘁𝗼𝗿𝗲! 🙏
🔥 Tired of outdated regulations holding us back? It's time for action! Let's rally for a reduction in crypto taxes from 30% to 5% in India. 🇮🇳
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🔥 Tired of outdated regulations holding us back? It's time for action! Let's rally for a reduction in crypto taxes from 30% to 5% in India. 🇮🇳
💪 Together, we can unlock blockchain's full potential and shape a brighter future. Sign the petition, share your voice, and usher in a new era of prosperity! 💼🚀 #TrendigTopic #Crypto #ReduceCryptoTax #India ✨
Shiba Inu Surpasses Bitcoin as the Most-Traded Cryptocurrency on Indian Exchange
In an unexpected turn of events, Shiba Inu (SHIB) claimed the title of the most-traded cryptocurrency on the Indian exchange WazirX in March 2024. This significant milestone underscores a shifting landscape in the crypto investment world, where SHIB, originally a memecoin, outpaced Bitcoin and other established altcoins in trading volume on the platform.
Shiba Inu's Rising Popularity
The rise of Shiba Inu on WazirX is not just a testament to its growing popularity but also to the broader acceptance of memecoins in the investment community. WazirX's report, published on April 2, highlighted the substantial investor interest in SHIB, marking a notable increase in demand within the crypto market.
Initially launched as a playful rival to Dogecoin in August 2020, Shiba Inu has since evolved into a formidable player in the cryptocurrency space. As of now, SHIB trades at $0.000027, boasting a market capitalization of $15.91 billion, positioning it 12th among over 9,400 active cryptocurrencies listed on CoinMarketCap.
Market Dynamics and SHIB's Ecosystem Growth
Over the past 24 hours, SHIB has experienced a support level at $0.00002573 and faced resistance at $0.00002729. Despite being 69.62% below its all-time high reached on October 28, 2021, SHIB's success transcends mere trading volumes. The cryptocurrency has expanded its ecosystem to include a metaverse and the Shibarium blockchain, catering to community members through SHIB domains. These strategic developments have significantly contributed to SHIB's adoption and utility in the digital asset space.
The Indian Crypto Market's Enthusiasm for SHIB
The enthusiasm for cryptocurrencies among Indian investors is palpable, with SHIB leading the charge as the dominant trading volume on WazirX’s platform since December 2022. Remarkably, 27% of first-time crypto users opted for SHIB, highlighting its appeal to newcomers in the crypto world.
Diverse Interests Among Crypto Investors
Besides Shiba Inu, WazirX's list of top-traded cryptocurrencies features Bitcoin, Pepe, FLOKI, and Dogecoin, showcasing the diverse interests of crypto investors. Shiba Inu's ascent to the pinnacle of trading activity on WazirX is indicative of its solid market presence and reflects the growing engagement of investors with memecoins, further enriching the dynamic cryptocurrency ecosystem.
$SHIB
#Shibarium #SHIB #India #BTC
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Shiba Inu's Rising Popularity
The rise of Shiba Inu on WazirX is not just a testament to its growing popularity but also to the broader acceptance of memecoins in the investment community. WazirX's report, published on April 2, highlighted the substantial investor interest in SHIB, marking a notable increase in demand within the crypto market.
Initially launched as a playful rival to Dogecoin in August 2020, Shiba Inu has since evolved into a formidable player in the cryptocurrency space. As of now, SHIB trades at $0.000027, boasting a market capitalization of $15.91 billion, positioning it 12th among over 9,400 active cryptocurrencies listed on CoinMarketCap.
Market Dynamics and SHIB's Ecosystem Growth
Over the past 24 hours, SHIB has experienced a support level at $0.00002573 and faced resistance at $0.00002729. Despite being 69.62% below its all-time high reached on October 28, 2021, SHIB's success transcends mere trading volumes. The cryptocurrency has expanded its ecosystem to include a metaverse and the Shibarium blockchain, catering to community members through SHIB domains. These strategic developments have significantly contributed to SHIB's adoption and utility in the digital asset space.
The Indian Crypto Market's Enthusiasm for SHIB
The enthusiasm for cryptocurrencies among Indian investors is palpable, with SHIB leading the charge as the dominant trading volume on WazirX’s platform since December 2022. Remarkably, 27% of first-time crypto users opted for SHIB, highlighting its appeal to newcomers in the crypto world.
Diverse Interests Among Crypto Investors
Besides Shiba Inu, WazirX's list of top-traded cryptocurrencies features Bitcoin, Pepe, FLOKI, and Dogecoin, showcasing the diverse interests of crypto investors. Shiba Inu's ascent to the pinnacle of trading activity on WazirX is indicative of its solid market presence and reflects the growing engagement of investors with memecoins, further enriching the dynamic cryptocurrency ecosystem.
$SHIB
#Shibarium #SHIB #India #BTC
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“