cryptoban
111,280 views
38 Posts
Hot
Latest
⚠️INDIA vs US Crypto Developments (2013- 2024)⚠️
👉If we compare the developments in the crypto industry between the United States and India, it is evident that India is lagging behind. While the US has made significant progress in embracing cryptocurrencies, India's approach has been more cautious and restrictive. In 2013, the US Internal Revenue Service (IRS) recognized crypto as a property and subject to taxation. In contrast, the Reserve Bank of India (RBI) issued an advisory against cryptocurrencies in the same year.
👉Fast forward to 2024, and the US has witnessed major milestones such as big banks like JP Morgan buying Bitcoin for their wealthy clients, the launch of CME Bitcoin futures, and the approval of multiple Bitcoin spot ETFs by the Securities and Exchange Commission (SEC). On the other hand, India has faced setbacks like the RBI circular banning crypto in 2018, which was later overturned by the Supreme Court in 2020.
👉India's stance on cryptocurrencies has been inconsistent, with the government reiterating its plan to ban and prohibit cryptocurrencies in 2021. Additionally, the Finance Minister announced a 30% tax and 1% TDS on crypto assets in 2022, further hindering the growth of the industry. In contrast, the US has seen major companies like MicroStrategy and Tesla investing in Bitcoin, and the Coinbase IPO going live.
🔴It is disheartening to see India, a country known for its technological prowess, not fully embracing the potential of cryptocurrencies. While the US has recognized the transformative power of this technology, India seems to be stuck in the past. It is crucial for India to adapt and create a positive regulatory framework that fosters innovation and allows the crypto industry to thrive.
🚨 SCAN the pic below 👇 To get Free Usdt 📸
✨If U Click Here before U will not get USDT But Don't Worry We Donate Our 60% Of our Tips To our Followers Every Month⭐
👉So Collect It And Follow @NFTSHITZ Support us 🫶💪🏿
#indiabanURL #IndiaRegulations #cryptoban #IndiaCryptoRevolution #BTC
👉If we compare the developments in the crypto industry between the United States and India, it is evident that India is lagging behind. While the US has made significant progress in embracing cryptocurrencies, India's approach has been more cautious and restrictive. In 2013, the US Internal Revenue Service (IRS) recognized crypto as a property and subject to taxation. In contrast, the Reserve Bank of India (RBI) issued an advisory against cryptocurrencies in the same year.
👉Fast forward to 2024, and the US has witnessed major milestones such as big banks like JP Morgan buying Bitcoin for their wealthy clients, the launch of CME Bitcoin futures, and the approval of multiple Bitcoin spot ETFs by the Securities and Exchange Commission (SEC). On the other hand, India has faced setbacks like the RBI circular banning crypto in 2018, which was later overturned by the Supreme Court in 2020.
👉India's stance on cryptocurrencies has been inconsistent, with the government reiterating its plan to ban and prohibit cryptocurrencies in 2021. Additionally, the Finance Minister announced a 30% tax and 1% TDS on crypto assets in 2022, further hindering the growth of the industry. In contrast, the US has seen major companies like MicroStrategy and Tesla investing in Bitcoin, and the Coinbase IPO going live.
🔴It is disheartening to see India, a country known for its technological prowess, not fully embracing the potential of cryptocurrencies. While the US has recognized the transformative power of this technology, India seems to be stuck in the past. It is crucial for India to adapt and create a positive regulatory framework that fosters innovation and allows the crypto industry to thrive.
🚨 SCAN the pic below 👇 To get Free Usdt 📸
✨If U Click Here before U will not get USDT But Don't Worry We Donate Our 60% Of our Tips To our Followers Every Month⭐
👉So Collect It And Follow @NFTSHITZ Support us 🫶💪🏿
#indiabanURL #IndiaRegulations #cryptoban #IndiaCryptoRevolution #BTC
Can you imagine a world without crypto🤯
Crypto ban is hitting the pause button ✅😳
Follow for more
#BTC_MarketPanic_Dip #cryptoban #VanEck_SOL_ETFS
Crypto ban is hitting the pause button ✅😳
Follow for more
#BTC_MarketPanic_Dip #cryptoban #VanEck_SOL_ETFS
⚠️⚠️⚠️Market alert⚠️⚠️⚠️ wait for your investments
or go short in futures
Crypto market fall due to ban notice by Indian government
stay back and buy the dip, bag your profits
There'll be panic selling and if ban imposed markets will fall for sure
make a wise move to bag profits
Good News if the ban on only exchanges.... miss you crypto 💗
here is the ban notice
#crypto #cryptoban #IndiaBan #indiabanexchange
$BNB $SOL $SHIB
or go short in futures
Crypto market fall due to ban notice by Indian government
stay back and buy the dip, bag your profits
There'll be panic selling and if ban imposed markets will fall for sure
make a wise move to bag profits
Good News if the ban on only exchanges.... miss you crypto 💗
here is the ban notice
#crypto #cryptoban #IndiaBan #indiabanexchange
$BNB $SOL $SHIB
Crypto Ban in Pakistan?
State Bank of Pakistan has declared its stance on cryptocurrency, stating that it will not legalize digital currencies in the country. Additionally, the Financial Action Task Force (FATF) has also urged Pakistan to impose a ban on cryptocurrencies.
The State Bank of Pakistan's decision to prohibit the legalization of cryptocurrencies reflects their concerns regarding the potential risks and challenges associated with digital currencies. The central bank believes that cryptocurrencies can facilitate illegal activities such as money laundering and terrorism financing.
Furthermore, the FATF, an international organization that sets standards for combating money laundering and terrorist financing, has recommended that Pakistan ban cryptocurrencies to align with global efforts to mitigate financial risks.
This development highlights the regulatory stance of Pakistan towards cryptocurrencies and raises questions about the future of digital currency adoption and trading in the country.
#Binance #crypto2023 #pakistan #dyor #cryptoban
The State Bank of Pakistan's decision to prohibit the legalization of cryptocurrencies reflects their concerns regarding the potential risks and challenges associated with digital currencies. The central bank believes that cryptocurrencies can facilitate illegal activities such as money laundering and terrorism financing.
Furthermore, the FATF, an international organization that sets standards for combating money laundering and terrorist financing, has recommended that Pakistan ban cryptocurrencies to align with global efforts to mitigate financial risks.
This development highlights the regulatory stance of Pakistan towards cryptocurrencies and raises questions about the future of digital currency adoption and trading in the country.
#Binance #crypto2023 #pakistan #dyor #cryptoban
