india
321,105 views
113 Posts
Hot
Latest
Hey Fam!
Recent reports reveal that India has missed out on a whopping ₹6,000 crore in tax revenue as traders flock to foreign platforms.
Despite the government's efforts to tighten the reins, offshore exchange activity by Indian traders has skyrocketed by 77%.
Experts suggest that tweaking the tax landscape—like reducing the TDS and revising current laws—could potentially bring back between ₹9,169 crore and ₹18,338 crore over the next five years.
Creating a balanced and trader-friendly tax policy is key to ensuring that India benefits from the growing crypto market.
With better regulations, the government can boost investor trust, retain capital within the country, and unlock the full potential of the crypto economy.
In the meantime, the crypto market remains as dynamic as ever.
Bitcoin and Ethereum continue to lead the pack, with altcoins like XRP making significant moves.
Market sentiment is cautiously optimistic, but as always, volatility is the name of the game.
#BTCNextMove #MarketRebound #India #Write2Earn
Recent reports reveal that India has missed out on a whopping ₹6,000 crore in tax revenue as traders flock to foreign platforms.
Despite the government's efforts to tighten the reins, offshore exchange activity by Indian traders has skyrocketed by 77%.
Experts suggest that tweaking the tax landscape—like reducing the TDS and revising current laws—could potentially bring back between ₹9,169 crore and ₹18,338 crore over the next five years.
Creating a balanced and trader-friendly tax policy is key to ensuring that India benefits from the growing crypto market.
With better regulations, the government can boost investor trust, retain capital within the country, and unlock the full potential of the crypto economy.
In the meantime, the crypto market remains as dynamic as ever.
Bitcoin and Ethereum continue to lead the pack, with altcoins like XRP making significant moves.
Market sentiment is cautiously optimistic, but as always, volatility is the name of the game.
#BTCNextMove #MarketRebound #India #Write2Earn
Amazing Facts about India’s Tax System:
.
Raw Popcorn: 0% Tax
Salted Popcorn: 5% Tax
Sweet Mixed Popcorn: 15% Tax
$BTC & Crypto Holders & Traders: 30% + 1% Tax
Etc Etc
.
What’s your opinion on it?
#IndianTax #India #CryptoTax #TaxSystem #BTCNextMove
.
Raw Popcorn: 0% Tax
Salted Popcorn: 5% Tax
Sweet Mixed Popcorn: 15% Tax
$BTC & Crypto Holders & Traders: 30% + 1% Tax
Etc Etc
.
What’s your opinion on it?
#IndianTax #India #CryptoTax #TaxSystem #BTCNextMove
$BTC
#Prediction #bitcoin #India
Prediction time
As of December 23, 2024, Bitcoin is priced at $96,734 USD. In the next 24 hours, it's anticipated to rise by 5.93%, reaching approximately $102,473.64. The market sentiment is slightly bullish, with a 53% bullish sentiment and a Fear & Greed Index score of 73, indicating a greedy market. Recent technical indicators and price trends also support a bullish outlook, suggesting a positive price movement for Bitcoin in the immediate future.
#Prediction #bitcoin #India
Prediction time
As of December 23, 2024, Bitcoin is priced at $96,734 USD. In the next 24 hours, it's anticipated to rise by 5.93%, reaching approximately $102,473.64. The market sentiment is slightly bullish, with a 53% bullish sentiment and a Fear & Greed Index score of 73, indicating a greedy market. Recent technical indicators and price trends also support a bullish outlook, suggesting a positive price movement for Bitcoin in the immediate future.
🛡️ DDoS Attacks in Blockchain🛡️
Hackers flood blockchain networks with fake transactions, causing delays and higher fees. Even decentralized networks aren't fully immune to Distributed Denial of Service (DDoS) attacks. These attacks exploit the network's structure, leading to congestion and degraded performance. Understanding and mitigating these risks is crucial for maintaining #BlockchainSecurity and stability.
🔒 Protection Measures:
🖥️ Node Security: Ensure nodes have sufficient resources to handle high transaction volumes.
🚫 Transaction Filtering: Implement mechanisms to detect and discard spam transactions.
🔍 Regular Audits: Conduct frequent smart contract audits to identify and fix vulnerabilities.
🛡️ Network Protection: Use firewalls and intrusion detection systems to shield the network.
🔄 Stress Testing: Regularly stress test the network to evaluate its resilience.
Despite these challenges, I remain bullish on the future of #Crypto , especially on emerging markets like #india . 🚀🌐 The innovative potential of #BlockchainTechnology and its ability to revolutionize industries is immense. By continuously enhancing #CyberSecurity measures and learning from these attacks, we can build a more resilient and robust crypto ecosystem.
Hackers flood blockchain networks with fake transactions, causing delays and higher fees. Even decentralized networks aren't fully immune to Distributed Denial of Service (DDoS) attacks. These attacks exploit the network's structure, leading to congestion and degraded performance. Understanding and mitigating these risks is crucial for maintaining #BlockchainSecurity and stability.
🔒 Protection Measures:
🖥️ Node Security: Ensure nodes have sufficient resources to handle high transaction volumes.
🚫 Transaction Filtering: Implement mechanisms to detect and discard spam transactions.
🔍 Regular Audits: Conduct frequent smart contract audits to identify and fix vulnerabilities.
🛡️ Network Protection: Use firewalls and intrusion detection systems to shield the network.
🔄 Stress Testing: Regularly stress test the network to evaluate its resilience.
Despite these challenges, I remain bullish on the future of #Crypto , especially on emerging markets like #india . 🚀🌐 The innovative potential of #BlockchainTechnology and its ability to revolutionize industries is immense. By continuously enhancing #CyberSecurity measures and learning from these attacks, we can build a more resilient and robust crypto ecosystem.
XRP
#India #XRP Is India after Adopting Ripple $RLUSD for Cross-border Payments?
India has always been interested in using blockchain technology, and Ripple’s newly launched stablecoin, RLSUD, has come into the spotlight as a potential solution for cross-border payments.
While the Indian government remains cautious about cryptocurrencies, its commitment to exploring blockchain for financial innovation aligns with Ripple’s offerings. In the past, Indian officials have expressed mixed opinions on crypto, citing concerns over its speculative nature and potential risks.
Earlier this year, RBI Governor Shaktikanta Das warned against cryptocurrencies, calling them highly speculative and highlighting the risks they pose to financial stability, especially in emerging economies like India.
Despite the hike in the value of crypto, Das emphasized that such assets, with no underlying value, could harm both domestic and global financial systems. He stressed the importance of central bank digital currencies (CBDCs) as safer alternatives, particularly for cross-border transactions.
Despite this, Nirmala Sitharaman, India’s finance minister said that India plans to explore blockchain technology while ensuring any crypto regulation aligns with global standards. Though regulators have different views on crypto, the government believes that regulations should be discussed globally, as cryptocurrencies are borderless and require international cooperation.
After Narendra Modi’s leadership in the recent elections, blockchain is being seen as a way to improve digital governance. It can help in areas like supply chains and public services.
The Ministry of Electronics and Information Technology (MeitY) and NITI Aayog see blockchain as a way to make banking, healthcare, and education more efficient and secure. India’s focus on adopting blockchain aims to support sustainable growth and economic stability.
Ripple’s technology has already been used in India for oil purchases from Dubai, showing its potential in cross-border trade.
$BTC
$XRP
$BNB
India has always been interested in using blockchain technology, and Ripple’s newly launched stablecoin, RLSUD, has come into the spotlight as a potential solution for cross-border payments.
While the Indian government remains cautious about cryptocurrencies, its commitment to exploring blockchain for financial innovation aligns with Ripple’s offerings. In the past, Indian officials have expressed mixed opinions on crypto, citing concerns over its speculative nature and potential risks.
Earlier this year, RBI Governor Shaktikanta Das warned against cryptocurrencies, calling them highly speculative and highlighting the risks they pose to financial stability, especially in emerging economies like India.
Despite the hike in the value of crypto, Das emphasized that such assets, with no underlying value, could harm both domestic and global financial systems. He stressed the importance of central bank digital currencies (CBDCs) as safer alternatives, particularly for cross-border transactions.
Despite this, Nirmala Sitharaman, India’s finance minister said that India plans to explore blockchain technology while ensuring any crypto regulation aligns with global standards. Though regulators have different views on crypto, the government believes that regulations should be discussed globally, as cryptocurrencies are borderless and require international cooperation.
After Narendra Modi’s leadership in the recent elections, blockchain is being seen as a way to improve digital governance. It can help in areas like supply chains and public services.
The Ministry of Electronics and Information Technology (MeitY) and NITI Aayog see blockchain as a way to make banking, healthcare, and education more efficient and secure. India’s focus on adopting blockchain aims to support sustainable growth and economic stability.
Ripple’s technology has already been used in India for oil purchases from Dubai, showing its potential in cross-border trade.
$BTC
$XRP
$BNB
Currency Update: Why the 🇮🇳Indian Rupee Is Sliding Against the 🇺🇸US Dollar
The Indian rupee (INR) is once again grappling with turbulence, hitting a fresh low against the US dollar (USD) on Tuesday. At 84.92, the rupee finds itself in troubled waters amid rising speculation of rate cuts by the Reserve Bank of India (RBI). Combined with global factors, the INR is under immense pressure—here’s a quick breakdown of what’s happening.
---
Why Is the Indian Rupee Losing Ground? 🤔
1. Weak Indian Equity Markets 📉
The Indian stock market is showing signs of a slowdown, weakening investor sentiment. Foreign Institutional Investors (FIIs) are pulling out capital, intensifying the rupee's struggles. On Monday alone, FIIs offloaded shares worth ₹278 crore—clearly signaling dampened confidence.
2. Decreased Exports & Rising Imports 📊
Exports Decline: India’s exports fell by 4.85% YoY in November, slipping to $32.11 billion.
Gold Imports Surge: Increased gold demand is placing more strain on the rupee. When imports rise faster than exports, India’s trade balance suffers, dragging the currency down.
3. Rate Cut Speculation by the RBI 🏦
The RBI is rumored to be considering rate cuts. This speculation, alongside leadership changes, is creating uncertainty, further eroding investor confidence and hitting the rupee hard.
---
The US Dollar Is Gaining Strength 💪
Across the globe, the US dollar is enjoying a boost, driven in large part by political shifts in the United States. With Donald Trump set to take over in January 2025, the market anticipates aggressive economic policies that could strengthen the dollar further.
Trump has been vocal about protecting the USD’s dominance, particularly against BRICS nations that are exploring alternatives. In a recent statement, he warned:
> “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER... They will face 100% tariffs and say goodbye to selling into the U.S. economy.”
This firm stance, combined with investor confidence in Trump’s policies, is boosting demand for the greenback.
---
What This Means for India 🇮🇳
Investor Confidence: Global and domestic investors are watching closely. A weak rupee could push more FIIs to exit, further impacting Indian markets.
Inflation Risks: A falling INR makes imports (like crude oil) more expensive, increasing inflationary pressures.
Global Trade Challenges: If the US dollar continues its upward trajectory, India’s trade deficit could widen further.
---
Key Takeaways 🚨
The rupee hit 84.92 against the USD, its lowest level yet.
Weak equity markets, falling exports, and RBI uncertainty are pushing the INR lower.
Trump’s potential economic policies are strengthening the US dollar, creating global pressure.
As India navigates these challenges, the coming months will be critical. Will the RBI step in with decisive measures, or will the dollar
continue to dominate the currency market? Only time will tell.
$BTC $DOGE $ETH
#USA. #india #dollarVSinr #BTCNewATH #USUALSpotLaunch
---
Why Is the Indian Rupee Losing Ground? 🤔
1. Weak Indian Equity Markets 📉
The Indian stock market is showing signs of a slowdown, weakening investor sentiment. Foreign Institutional Investors (FIIs) are pulling out capital, intensifying the rupee's struggles. On Monday alone, FIIs offloaded shares worth ₹278 crore—clearly signaling dampened confidence.
2. Decreased Exports & Rising Imports 📊
Exports Decline: India’s exports fell by 4.85% YoY in November, slipping to $32.11 billion.
Gold Imports Surge: Increased gold demand is placing more strain on the rupee. When imports rise faster than exports, India’s trade balance suffers, dragging the currency down.
3. Rate Cut Speculation by the RBI 🏦
The RBI is rumored to be considering rate cuts. This speculation, alongside leadership changes, is creating uncertainty, further eroding investor confidence and hitting the rupee hard.
---
The US Dollar Is Gaining Strength 💪
Across the globe, the US dollar is enjoying a boost, driven in large part by political shifts in the United States. With Donald Trump set to take over in January 2025, the market anticipates aggressive economic policies that could strengthen the dollar further.
Trump has been vocal about protecting the USD’s dominance, particularly against BRICS nations that are exploring alternatives. In a recent statement, he warned:
> “The idea that the BRICS countries are trying to move away from the dollar while we stand by and watch is OVER... They will face 100% tariffs and say goodbye to selling into the U.S. economy.”
This firm stance, combined with investor confidence in Trump’s policies, is boosting demand for the greenback.
---
What This Means for India 🇮🇳
Investor Confidence: Global and domestic investors are watching closely. A weak rupee could push more FIIs to exit, further impacting Indian markets.
Inflation Risks: A falling INR makes imports (like crude oil) more expensive, increasing inflationary pressures.
Global Trade Challenges: If the US dollar continues its upward trajectory, India’s trade deficit could widen further.
---
Key Takeaways 🚨
The rupee hit 84.92 against the USD, its lowest level yet.
Weak equity markets, falling exports, and RBI uncertainty are pushing the INR lower.
Trump’s potential economic policies are strengthening the US dollar, creating global pressure.
As India navigates these challenges, the coming months will be critical. Will the RBI step in with decisive measures, or will the dollar
continue to dominate the currency market? Only time will tell.
$BTC $DOGE $ETH
#USA. #india #dollarVSinr #BTCNewATH #USUALSpotLaunch
See original
🚀 Cryptocurrency Regulation in India: What it Means for Traders and Investors
🚀 India has become a major hub for cryptocurrency traders, and discussions about regulating the sector are heating up in parliament. With one of the largest populations of cryptocurrency users in the world, India’s regulatory decisions could have significant global implications for the industry.
$XRP #India has completed its first crude oil #transaction using local currencies, bypassing the #USDOLLAR , as part of a bilateral effort with the UAE to reduce dollar-conversion costs and promote trade in native currencies.
This transaction is integrated with the $XRP Ledger System CryptoTradingFund (CTF), enabling customers to earn #CTFTokens as cashback.
This transaction is integrated with the $XRP Ledger System CryptoTradingFund (CTF), enabling customers to earn #CTFTokens as cashback.
USDT (Tether) is a stablecoin, meaning it is a type of cryptocurrency designed to maintain stability in value. USDT aims to keep its value equal to that of the U.S. Dollar (USD), typically maintaining a ratio of 1 USD = 1 USDT.
Key Features of USDT:
1. Stable Value:
Unlike traditional cryptocurrencies that often experience high volatility, USDT is ideal for those seeking stability in the crypto market.
2. Pegging:
The value of USDT is backed by reserves held by the Tether company, which claims to hold equivalent assets to ensure its value stays tied to the U.S. Dollar.
3. Functions:
Market Stability:
When cryptocurrency prices fluctuate significantly, investors can convert their assets to USDT to preserve value.
Transaction Ease:
USDT enables faster and cheaper transactions compared to traditional banking systems.
Benefits of Using USDT:
Stable storage of funds.
Convenient for international transactions.
Low fees and quick transfers.
Points to Consider:
Reliability of Reserves:
The transparency of Tether’s reserve backing has been a point of concern.
Regulatory Oversight:
The company is under scrutiny, especially from U.S. regulatory authorities.
USDT has become one of the most widely used stablecoins in the crypto market today.
#Ind
#India 🇮🇳🇮🇳
Key Features of USDT:
1. Stable Value:
Unlike traditional cryptocurrencies that often experience high volatility, USDT is ideal for those seeking stability in the crypto market.
2. Pegging:
The value of USDT is backed by reserves held by the Tether company, which claims to hold equivalent assets to ensure its value stays tied to the U.S. Dollar.
3. Functions:
Market Stability:
When cryptocurrency prices fluctuate significantly, investors can convert their assets to USDT to preserve value.
Transaction Ease:
USDT enables faster and cheaper transactions compared to traditional banking systems.
Benefits of Using USDT:
Stable storage of funds.
Convenient for international transactions.
Low fees and quick transfers.
Points to Consider:
Reliability of Reserves:
The transparency of Tether’s reserve backing has been a point of concern.
Regulatory Oversight:
The company is under scrutiny, especially from U.S. regulatory authorities.
USDT has become one of the most widely used stablecoins in the crypto market today.
#Ind
#India 🇮🇳🇮🇳
GM FRIENDS
BIGGEST NEWS
#baned
#BTC
#india
Just In: India Bans Major Crypto
Exchanges
Don't Panic! Your Funds are Safe 700
India blocked access to websites of
several offshore crypto exchanges,
including Binance, Kucoin, OKX, Gate.io
and many others on January 12. This
action followed the removal of these
platforms from the Apple App Store in the
country just a few days earlier.
The move is a consequence of the finance
ministry issuing show-cause notices to
these platforms on December 28, citing
non-compliance with the country's money
laundering laws.
The notice was directed at Binance,
Kucoin, Houbi, Kraken, Gate.io, Bittrex,
Bitstamp, MEXC Global, and Bitfinex,
accusing them of operating illegally in
India by failing to register and adhere to
local tax regulations.
In response to the alleged violations, the
finance ministry instructed the information
technology ministry to block the URLs of
these platforms, leading to the recent
website restrictions. However, the
websites of thse exchanges can still be
accessed through VPNs.
Binance Assures Indian Users Their Funds
are Safe.
Confirming the situation, Binance sent an
email to its customers in India, clarifying
that it only impacts users attempting to
access the Indian iOS app store or the
Binance website from India. However,
existing users with the Binance app are
reportedly unaffected by the restriction.
Binance emphasized its commitment to
complying with local regulations and laws,
asserting active communication with
regulators to ensure user protection and
foster the development of a healthy Web3
industry.
@Krypto1signal
BIGGEST NEWS
#baned
#BTC
#india
Just In: India Bans Major Crypto
Exchanges
Don't Panic! Your Funds are Safe 700
India blocked access to websites of
several offshore crypto exchanges,
including Binance, Kucoin, OKX, Gate.io
and many others on January 12. This
action followed the removal of these
platforms from the Apple App Store in the
country just a few days earlier.
The move is a consequence of the finance
ministry issuing show-cause notices to
these platforms on December 28, citing
non-compliance with the country's money
laundering laws.
The notice was directed at Binance,
Kucoin, Houbi, Kraken, Gate.io, Bittrex,
Bitstamp, MEXC Global, and Bitfinex,
accusing them of operating illegally in
India by failing to register and adhere to
local tax regulations.
In response to the alleged violations, the
finance ministry instructed the information
technology ministry to block the URLs of
these platforms, leading to the recent
website restrictions. However, the
websites of thse exchanges can still be
accessed through VPNs.
Binance Assures Indian Users Their Funds
are Safe.
Confirming the situation, Binance sent an
email to its customers in India, clarifying
that it only impacts users attempting to
access the Indian iOS app store or the
Binance website from India. However,
existing users with the Binance app are
reportedly unaffected by the restriction.
Binance emphasized its commitment to
complying with local regulations and laws,
asserting active communication with
regulators to ensure user protection and
foster the development of a healthy Web3
industry.
@Krypto1signal
Google’s Play Store in India has removed Binance and O K X crypto exchange apps after the government issued a noncompliance notice against them.
#india #cryptoexchange #binance
#india #cryptoexchange #binance
Good Tuesday my fellow traders, how is this day treating you so far?
👉 The middle of the range sits around $35,000... The next support level has been confirmed within the $34,000 to $36,000 price range.
➖ Bitcoin is peaking/peaked after a higher high that continues to exacerbate a strong bearish divergence with the daily RSI.
➖ Yesterday's session high closed as a Doji and today the day starts red.
Since the current wave is already overextended, we can expect the next drop to show up anytime now, fast, sudden and strong.
➖ Based on EW-Theory, we are looking at an ABC and both A and B are already in, we are going for C next.
This is just a simple update without much jargon... Prepare for the drop.
#Write2Earn @AlanSantana #binance #PIXEL #STRK #india
👉 The middle of the range sits around $35,000... The next support level has been confirmed within the $34,000 to $36,000 price range.
➖ Bitcoin is peaking/peaked after a higher high that continues to exacerbate a strong bearish divergence with the daily RSI.
➖ Yesterday's session high closed as a Doji and today the day starts red.
Since the current wave is already overextended, we can expect the next drop to show up anytime now, fast, sudden and strong.
➖ Based on EW-Theory, we are looking at an ABC and both A and B are already in, we are going for C next.
This is just a simple update without much jargon... Prepare for the drop.
#Write2Earn @AlanSantana #binance #PIXEL #STRK #india
Good News For Indians🇮🇳
fiu India approved a exchange
fiu India approved a exchange
BINANCE App and URL Now Accessible In Indian User's ..!!! Time to Raid
#india #indiacrypto #cryptocurrencyindia #binanceindia
#india #indiacrypto #cryptocurrencyindia #binanceindia
Happy Independence Day India !!
#india #independenceday #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn
#india #independenceday #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn
Independence Day Special ❤️
Double Celebration For The Indian #Crypto Community 🔥
#Binance is back on App Store and Play Store in India 🇮🇳
#binance #india #BinanceLaunchpoolTON
Double Celebration For The Indian #Crypto Community 🔥
#Binance is back on App Store and Play Store in India 🇮🇳
#binance #india #BinanceLaunchpoolTON