Either comply with the PMLA Act or access to the URL will be blocked.

#BTC #cryptoahmet #India #PMLAct #CryptoPilot

While news of the FIU's notice to crypto exchanges might ignite panic, remember to breathe before making any rash decisions. Here's a breakdown:Trading ❌ Development ✅ India is Something Different 🥲 Technical Welcome & Trading on Crypto Not WLCMShow-cause notice, not a ban: This is a call for compliance, not an immediate shutdown. Exchanges have time to address concerns and register under the PML Act.Compliance leads to safety: Registering allows exchanges to operate legally and offer users a secure environment.It's a positive step towards responsible crypto adoption in India.Alternatives exist: Even if some exchanges face temporary hurdles, others operating in compliance will remain accessible.Don't panic-sell: Knee-jerk reactions can lead to unnecessary losses. Stay informed, but stick to your investment strategy.This situation presents an opportunity for responsible growth in the Indian crypto market. Stay calm, follow official updates, and prioritize secure exchanges to navigate this development smoothly.Remember, informed decisions, not panicked reactions, are the key to success in any market, including crypto.🪷#India $BTC #BTC #HODL $MATIC #BullishAltcoins $WRX #crypto2024catch

India 🇮🇳, Pakistan 🇵🇰, China 🇨🇳, Nigeria 🇳🇬, and Thailand 🇹🇭 are emerging as key players in the global adoption of cryptocurrencies. These countries are poised to integrate digital currencies into their economies. Meanwhile, the United States of America remains a leader in Bitcoin reserves. Despite the ongoing mining process, the U.S. continues to assert its position on the world stage.
Why These Countries?
1. India: With a large community of cryptocurrency users, India seeks financial freedom through digital assets. The country faces oppressive financial systems, especially when dealing with international transactions. High deductions and delays in fund transfers prompt Indians to explore alternative solutions.
2. Pakistan: Similar to India, Pakistan's citizens turn to cryptocurrencies as a way to bypass restrictive financial systems. The government's control over transactions motivates people to seek economic independence.
3. China: The Chinese government tightly regulates online platforms, limiting access to global services like Google. Consequently, Chinese citizens explore cryptocurrencies as an alternative means of financial interaction.
4. Nigeria: In Nigeria, conflict between the government and citizens drives interest in cryptocurrencies. People view digital assets as a way to circumvent economic challenges imposed by the authorities.
5. Thailand: Thailand's growing crypto community seeks financial autonomy. The country's economic rank encourages individuals to explore decentralized alternatives.

Let’s dive into Why People Are Being Interested in Cryptos:
India🇮🇳Pakistan🇵🇰China🇨🇳Nigeria🇳🇬 Thailand🇹🇭
These are the countries that are going to have an economy through Cryptocurrencies. The wealth of the United States of America is destined to be the country that is going to be the leader of the Bitcoin Reserve. While it continues to expose itself to the face of the world that all the bitcoins that have not yet been mined will make sure that they all mine themselves. These are some of the statements that the candidate for the presidency of the United States, Donald Trump, has been heard speaking at different times on his platforms while campaigning for the presidential race expected to be held in November this year in the United States!
Why India, Pakistan, China, Nigeria, and Thailand?
Those are the only countries in the world with a large Community of Cryptocurrencies users if it is the friendly way for them to be financially free due to many systems of their countries being oppressive especially when it comes to the use of money when they try to use it internationally their environment becomes more difficult, like such big deductions when they send money internationally, sometimes it is late to arrive on time, just because their governments want every single transaction to be under their control, something that for some individuals to have a poor life, despite their countries having a good economic rank in the world.
A real example is the Chinese Government which has many restrictions for its people to use only their platforms which are under the government. Chinese people find it very difficult to use google. Now when people see a lot of restrictions like this, they decide to find an alternative for their lives to be free from economic issues. All this is similar to Nigeria where there is a big conflict between the government and its citizens, the people want to use cryptos, if the government has it, they will not hesitate not to use cryptos, all this comes after the government has no power to control the use of cryptos, unlike fiat money that they have the freedom to control people's money.
Thailand 🇹🇭 is a country that has shown great awareness on the issue of cryptos, where the crypto adoption index is 20.1%, this is a very big step for the country of Thailand to be number one for this year 2024. The main reason here is that many people run away from inflation caused by the government itself oppresses people in financial matters, but cryptos are different because it uses the deflationary system.
Pakistan 🇵🇰 The same as Thailand:
In 2024, Pakistan has seen significant growth in crypto adoption, ranking sixth globally on the Chainalysis Global Crypto Adoption Index
Here are a few reasons behind this surge:
Inflation and Economic Uncertainty: Pakistan faces annual inflation exceeding 25%, which has worsened over the past few years due to political instability. As a result, people are turning to cryptocurrencies as a hedge against currency devaluation and economic uncertainty.
Market Size: Despite regulatory challenges, the crypto market in Pakistan is estimated to be between $18 billion and $25 billion. This substantial market size reflects growing interest and participation in digital assets.
Grassroots Adoption: The index considers countries where average individuals embrace crypto by allocating a significant share of their wealth to it. Pakistan's grassroots adoption has contributed to its high ranking.
In conclusion, the countries mentioned above are some examples of many countries in the world whose people have woken up from the systems of oppression and oppression in money matters, so seeing Cryptos is the right solution for their lives in money matters!
The question comes this this war of many governments in the world trying to fight against their citizens not to use cryptos, will they be able to do it?
Is it true that cryptos are going to destroy the economy of many countries and that is why governments do not want their people to use cryptos?
Give your opinion on this article, especially if you are among the countries I mentioned above.
In summary, these countries are embracing cryptocurrencies due to oppressive financial systems, government restrictions, and a desire for economic freedom. As the crypto landscape evolves, their adoption rates continue to rise. 🚀💡
#India #china #Nigeria
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A recent Statista report has revealed that India’s crypto community is expected to soar to over 156 million members by the end of the year. This estimation indicates that over 11% of India’s population will have jumped into the cryptocurrency sector by the end of 2023.

The country’s crypto adoption rate is predicted to surpass that of major economies such as the United States, the United Kingdom, Japan, and Russia.

The report highlighted that most Indians who deal with digital assets are well-educated and aged between 18-40. The younger generation, in particular, has shown a strong inclination to interact with the industry in other countries as well.

Moreover, India’s cryptocurrency market could offer profits worth approximately $3.3 billion this year, with revenues expected to skyrocket to nearly $6 billion by 2027. Statista also found that the residents of the capital city, Delhi, are most likely to buy and hold digital currencies for the long term. Bengaluru, the largest city in the state of Karnataka, also has a significant number of HODLers.

@azcoinnews

The average revenue per user in the Cryptocurrencies segment is expected to amount to US$21.28 in 2023. However, it is worth noting that the highest revenue is projected to be generated in the United States, with an estimated US$22.7 billion in 2023. The number of users in the Cryptocurrencies segment is anticipated to reach 191.8 million users by 2027, with user penetration expected to hit 13.1% by then.

The uncertainty in the traditional finance system and the search for higher profits are the primary driving factors pushing Indians toward the digital asset field. With a thriving crypto ecosystem, India has become an attractive market for cryptocurrency exchanges and blockchain-based startups.

In conclusion, India’s crypto community is poised for exponential growth in the coming years, as more Indians seek to diversify their investment portfolio and capitalize on the potential of digital assets.

#India #Bitcoin #crypto #BTC #azcoinnews

This article was republished from azcoinnews.com

Assam is positioned to be a leader in blockchain adoption and cryptocurrency awareness in India. Here's a summary of the latest developments:1. Government Partnership with Blockchain Platform:The Assam government partnered with Nucleus Vision, a blockchain infrastructure provider, to develop decentralized applications and citizen-facing programs.Indian Government Partnership with Blockchain PlatformThis initiative aims to enhance efficiency, transparency, and security in government services.2. Growing Awareness and Adoption:There is a growing interest in cryptocurrency and blockchain technology among Assamese citizens, with various educational workshops and events being organized.Blockchain TechnologyLocal businesses are also exploring the potential of blockchain for supply chain management, logistics, and financial services.3. Regulatory Landscape:The Indian government has yet to implement a comprehensive regulatory framework for cryptocurrencies and blockchain.Government of AssamHowever, Assam's government is actively engaging with stakeholders to prepare for future regulations.4. Local Startups and Initiatives:Several blockchain startups and initiatives are emerging in Assam, focusing on areas like education, healthcare, and agriculture.Local Startups and InitiativesThese initiatives aim to utilize blockchain technology to address local challenges and improve the lives of Assamese citizens.5. Challenges and Opportunities:Limited access to high-speed internet and digital literacy remain challenges to widespread blockchain adoption in Assam.Challenges and OpportunitiesHowever, these challenges also present opportunities for education and development initiatives to bridge the digital divide and empower communities.Overall, Assam is at the forefront of blockchain adoption in India. The government's proactive approach, coupled with a growing interest among citizens and businesses, positions Assam as a key player in the future of the blockchain revolution.Keep yourself updated on the latest developments in the crypto and blockchain space in Assam!🪷#BlockchainAdvancements #India #Assam #cryptocurreny #TrendingArticles $BTC $MATIC $SHIB