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CRYPTO IN INDIA IS AT RISK 😬😬😬😬
EVERYONE MUST READ THIS 😕😕😕
The current crypto situation in India is quite dynamic. The government has been taking a studied approach to virtual digital assets (VDAs), recognizing their usefulness and necessity . In fact, India has an estimated 25-30 million investors with exposure to crypto, and this number is expected to grow multi-fold in the next 3-5 years .
Regulatory Framework
The Securities and Exchange Board of India (SEBI) has suggested a multi-regulator oversight approach, where different regulators handle various aspects of digital assets . For instance, SEBI would oversee securities and initial coin offerings, while the Reserve Bank of India (RBI) would regulate fiat-backed stablecoins.
Challenges and Concerns
Despite progress, there are still challenges to overcome. The RBI remains cautious about crypto, citing concerns over macroeconomic risks and tax evasion . Banking services are also limited, with many banks hesitant to partner with crypto exchanges .
Education and Awareness
Education and awareness are key to increasing adoption. Many Indian users are unaware of the risks and complexities associated with crypto investing . There's a need for top-down programs to address awareness in vernacular languages.
Future Outlook
Despite these challenges, the future looks bright for crypto in India. The government's initiatives, combined with the growth of blockchain technology, could lead to increased adoption and innovation . The launch of the Central Bank Digital Currency (CBDC) pilot is also expected to give an impetus to crypto adoption .
Overall, India's crypto landscape is evolving rapidly, with both opportunities and challenges ahead.
#cryptoindia #RiskWarning
$HIGH
$HIVE
$SUI
EVERYONE MUST READ THIS 😕😕😕
The current crypto situation in India is quite dynamic. The government has been taking a studied approach to virtual digital assets (VDAs), recognizing their usefulness and necessity . In fact, India has an estimated 25-30 million investors with exposure to crypto, and this number is expected to grow multi-fold in the next 3-5 years .
Regulatory Framework
The Securities and Exchange Board of India (SEBI) has suggested a multi-regulator oversight approach, where different regulators handle various aspects of digital assets . For instance, SEBI would oversee securities and initial coin offerings, while the Reserve Bank of India (RBI) would regulate fiat-backed stablecoins.
Challenges and Concerns
Despite progress, there are still challenges to overcome. The RBI remains cautious about crypto, citing concerns over macroeconomic risks and tax evasion . Banking services are also limited, with many banks hesitant to partner with crypto exchanges .
Education and Awareness
Education and awareness are key to increasing adoption. Many Indian users are unaware of the risks and complexities associated with crypto investing . There's a need for top-down programs to address awareness in vernacular languages.
Future Outlook
Despite these challenges, the future looks bright for crypto in India. The government's initiatives, combined with the growth of blockchain technology, could lead to increased adoption and innovation . The launch of the Central Bank Digital Currency (CBDC) pilot is also expected to give an impetus to crypto adoption .
Overall, India's crypto landscape is evolving rapidly, with both opportunities and challenges ahead.
#cryptoindia #RiskWarning
$HIGH
$HIVE
$SUI
The design of the Central Bank Digital Currency (CBDC) or digital rupee will be the least disruptive and will not replace the physical currency, Executive Director of the RBI Ajay Kumar Choudhary said...!! #Binance #BNB #rbi #cryptoindia #cryptoonindia
🚨BREAKING: Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored and screened, a great step for clarity on Crypto Regulations. #cryptoindia #bicasso #buildtogether
🇮🇳 Reserve Governor Shaktikanta Das: “Cryptocurrency” can be a “real danger” to the Banks directly or indirectly.🚶♂️
#cryptoindia #crypto2023 #BTC
#cryptoindia #crypto2023 #BTC
India is 7th biggest nation ready to adopt crypto i 2023: report
According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10.
#BTC #cryptoindia #india #BTC #cryptoonindia
According to HedgewithCrypto research, Australia is the biggest country when it comes to the adoption of cryptocurrency in 2023 with a score of 7.37 out of 10.
#BTC #cryptoindia #india #BTC #cryptoonindia
Namaste All.. 🙏🙏
Binance is hosting it's first ever Holi themed community Super Meetup Delhi on 7th March 2023. Well.. That's huge.. Will you be a part of the event? 😎✌️
#Binance #MeetUp #cryptoindia
Binance is hosting it's first ever Holi themed community Super Meetup Delhi on 7th March 2023. Well.. That's huge.. Will you be a part of the event? 😎✌️
#Binance #MeetUp #cryptoindia
#indiangoverment 👎!! This rule is effective from Jan 1 #CryptoNews🔒📰🚫 #cryptoindia #CryptoTrends2024 #Cryptocurrrency
LIVE
Aman Sai
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🚨 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 🫡
Binance crypto exchange is Set to restart operations in India .
Guys very soon we will be able to see binance Working officially in India it's really Big news for India crypto investors and institutions 🥳🥳🥳🥳🥳🥳#Binance #cryptoindia
Guys very soon we will be able to see binance Working officially in India it's really Big news for India crypto investors and institutions 🥳🥳🥳🥳🥳🥳#Binance #cryptoindia
Short trade for today #flokinu
Floki is showing strong bullish trend
Enter the trade at 0.00003640 and exit the trade by 0.00003700. Trade after that at your own risk.
#ShortSignal #TradeOpportunity #cryptoindia #BTC $FLOKI DYOR
Floki is showing strong bullish trend
Enter the trade at 0.00003640 and exit the trade by 0.00003700. Trade after that at your own risk.
#ShortSignal #TradeOpportunity #cryptoindia #BTC $FLOKI DYOR
Fake tweet caused a whirl wind in crypto community #CryptoNews🔒📰🚫 #cryptoindia #ETFsApproval #BinanceMissions #trendingtoday
LIVECoinpedia
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Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 ...
The post Fake Tweet on Bitcoin ETF Approval Causes Chaos in Crypto Market: 900 Million Liquidations in 24 Hours appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) faced a major cybersecurity incident yesterday, causing disarray in the highly anticipated decision on Bitcoin exchange-traded funds (ETFs). A fake post claiming approval for the products, originating from a compromised SEC account on X, sent the cryptocurrency’s price soaring briefly before authorities launched an investigation.
How it Impacted the Crypto Market
The fake tweet caused an immediate surge in the Bitcoin price, which almost reached $48,000 at the time. Then, at 4:26 p.m., Gary Gensler, chair of the SEC, posted that the agency’s account had been hacked, resulting in an unauthorized fake tweet. At this point, the price of bitcoin was triggered to suddenly drop to $46,800 and fall to $45,881.
900 Million Liquidation Due to Fake News
The cryptocurrency market experienced a substantial drop in value after a fake approval post for spot exchange-traded funds (ETFs). Bitcoin’s market capitalization plummeted by approximately $50 billion within the last 24 hours, according to Coinglass data. The top cryptocurrency’s price dropped to $890 billion before recovering to around $900 billion at press time.
Security Measures
The incident has raised questions about the SEC’s security measures to protect its social accounts. Some market participants have criticized the regulator’s seemingly lax approach to protecting its social accounts and raised concerns about how the SEC can safeguard trillion-dollar markets if it cannot protect its social accounts.
The U.S. Securities and Exchange Commission (SEC) faced a major cybersecurity incident yesterday, causing disarray in the highly anticipated decision on Bitcoin exchange-traded funds (ETFs). A fake post claiming approval for the products, originating from a compromised SEC account on X, sent the cryptocurrency’s price soaring briefly before authorities launched an investigation.
How it Impacted the Crypto Market
The fake tweet caused an immediate surge in the Bitcoin price, which almost reached $48,000 at the time. Then, at 4:26 p.m., Gary Gensler, chair of the SEC, posted that the agency’s account had been hacked, resulting in an unauthorized fake tweet. At this point, the price of bitcoin was triggered to suddenly drop to $46,800 and fall to $45,881.
900 Million Liquidation Due to Fake News
The cryptocurrency market experienced a substantial drop in value after a fake approval post for spot exchange-traded funds (ETFs). Bitcoin’s market capitalization plummeted by approximately $50 billion within the last 24 hours, according to Coinglass data. The top cryptocurrency’s price dropped to $890 billion before recovering to around $900 billion at press time.
Security Measures
The incident has raised questions about the SEC’s security measures to protect its social accounts. Some market participants have criticized the regulator’s seemingly lax approach to protecting its social accounts and raised concerns about how the SEC can safeguard trillion-dollar markets if it cannot protect its social accounts.
Breaking News 🇮🇳 : Indian Exchange Wazirx Hacked 🚨
Exchange safe multisig wallet on $ETH has been compromised 🤐
$234Million+ transferred 📌
#wazirx #crypto #cryptoindia
Exchange safe multisig wallet on $ETH has been compromised 🤐
$234Million+ transferred 📌
#wazirx #crypto #cryptoindia
🚨BREAKING:
Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations.
#cryptoindia
#bicasso
#buildtogether
Indian Govt 🇮🇳 has officially announced that all Crypto businesses would come under PMLA Act 2022. Now onwards Crypto Transactions will be reported, monitored, and screened, a great step for clarity on Crypto Regulations.
#cryptoindia
#bicasso
#buildtogether
WazirX to Phase In Indian Rupee Withdrawals Starting Aug. 26
Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month.
Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22.
The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear.
#wazirX #cryptoindia #MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves
Indian crypto exchange WazirX has announced that it will re-enable rupee withdrawals on the platform. However, the rupee withdrawal services will be reintroduced in a phased manner with users getting access to withdraw 66% of their INR balances on the exchange over the next month.
Specifically, the exchange said its customers could withdraw half the limit (33%) from Aug. 26 to Sept. 8 and the remainder (33%) from Sept. 9 to Sept. 22.
The company stated that it had to continue keeping the remaining 34% of their INR balances frozen due to investigations by law enforcement agencies. The timeline for the release of those frozen balances is unclear.
#wazirX #cryptoindia #MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves
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
Facts why we dont use Indian Exchanges
#cryptoexchange #cryptoindia #IndiaCryptoRevolution #CryptoCommunityWatch #trendingtoday
#cryptoexchange #cryptoindia #IndiaCryptoRevolution #CryptoCommunityWatch #trendingtoday
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Another Scalping Target HIT - Trade - 4 - 12 - Sep - 24
Signal Hit: +40.05%
💥 #doge⚡ - 20X - LONG 💥
Our managed crypto future account services are available to help you maximize your gains with expert strategies.
⚠️ Disclaimer: Crypto is a high-risk investment. Always do your own research before investing!
#DogecoinCommunity $DOGE #cryptoindia #FutureOfTrading #MarketSentimentToday
Signal Hit: +40.05%
💥 #doge⚡ - 20X - LONG 💥
Our managed crypto future account services are available to help you maximize your gains with expert strategies.
⚠️ Disclaimer: Crypto is a high-risk investment. Always do your own research before investing!
#DogecoinCommunity $DOGE #cryptoindia #FutureOfTrading #MarketSentimentToday
India is taking the crypto scene by Despite the hurdles like a 30% storm! tax, 1% TDS, no loss offset, and no UPI support, our crypto community is thriving!
Join the revolution, let's turn challenges into opportunities!
#cryptoindia #InnovationOverObstacles
#TradeNTell #Write2Earn #TradeNTellView
$BNB $BTC $XRP
Join the revolution, let's turn challenges into opportunities!
#cryptoindia #InnovationOverObstacles
#TradeNTell #Write2Earn #TradeNTellView
$BNB $BTC $XRP
😆Good News 🔥😁 Crypto👇👍The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies.#cryptocab #cryptoindia #crypto #cryptobharat
