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⚠️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
As many are aware that India has banned foreign crypto exchanges, I wanted to share my opinions on the subject.
India doesn't have any problems with foreign exchanges. What they truly want, is for the exchanges to share data about their Indian customers and about their crypto holdings so that the government can track the activities of Indian users and can tax them i.e. what they truly need is tax revenue.
With time, the foreign exchanges will comply and share the data needed by the government, after which they'll get unblocked once again and become operational in India.
Meanwhile, users can continue to access the exchanges using VPNs.$
#BTC-ETF #IndianRegulation #indiabanURL
India doesn't have any problems with foreign exchanges. What they truly want, is for the exchanges to share data about their Indian customers and about their crypto holdings so that the government can track the activities of Indian users and can tax them i.e. what they truly need is tax revenue.
With time, the foreign exchanges will comply and share the data needed by the government, after which they'll get unblocked once again and become operational in India.
Meanwhile, users can continue to access the exchanges using VPNs.$
#BTC-ETF #IndianRegulation #indiabanURL
Breaking News🚨
Binance is not going to Ban in India. Binance is ready to Work with Indian laws.
#indiabanURL
Binance is not going to Ban in India. Binance is ready to Work with Indian laws.
#indiabanURL
Bitcoin is experiencing a significant sell-off following the approval of ETF news. Its price is unable to maintain support at the $45,000 and $43,000 levels, and it has dropped below the major liquidity area to just below $42,000. The Binance website has reportedly been banned in India, which is believed to be one of the reasons for the market downturn. It is recommended that the $40,000 level be closely monitored, as a drop below this level could potentially turn the market bearish.
#BTC #NewsofCrypto #indiabanURL
#BTC #NewsofCrypto #indiabanURL
API can save Indian Users.
As Google and Apple removed Crypto Exchanges from their Platforms because Indian FIU unit blocks its URL.
So for now users can create API for backup in case the Apps will be banned 🚫
To create the API and to use it give a follow for next post.#CryptoNewsLand
#baned #IndianRegulation #indiabanURL
As Google and Apple removed Crypto Exchanges from their Platforms because Indian FIU unit blocks its URL.
So for now users can create API for backup in case the Apps will be banned 🚫
To create the API and to use it give a follow for next post.#CryptoNewsLand
#baned #IndianRegulation #indiabanURL
How can the Indian government do so much? The Indian government has no problem in selling cigarettes, gutkha, tobacco and liquor. Where people are earning money using their skills, there is a problem. Due to all these reasons people leave India and settle in other countries.
#etf #BTC #IndiaCryptoRevolution #indiabanURL #IndiaCryptoBan
#etf #BTC #IndiaCryptoRevolution #indiabanURL #IndiaCryptoBan
LIVE
PRO Crypto Tech
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From few years Asian Govt are playing Different Dramas :
India Ban on banks dealing Crypto back in 2018
Then a year ago impose a 30% Crypto Tax + 1% TDS
Now yesterday they removed crypto international exchanges and Block URLs
Being an Huge admirer of India in world of tech But Sad to see ongoing issues .
Their attention is to focus on Using Indian exchange
But I guess the quality of service is Not on that level; Liquidity is the biggest issue .
Indian Govt Should cooperate and set with regulators to Build up a fair policy acceptable for all
The future is blockChain Crypto tech
No matter what the circumstances are
I have so many good traders friends so many followers from India
I Hope the situation get clear Soon🙏
India Ban on banks dealing Crypto back in 2018
Then a year ago impose a 30% Crypto Tax + 1% TDS
Now yesterday they removed crypto international exchanges and Block URLs
Being an Huge admirer of India in world of tech But Sad to see ongoing issues .
Their attention is to focus on Using Indian exchange
But I guess the quality of service is Not on that level; Liquidity is the biggest issue .
Indian Govt Should cooperate and set with regulators to Build up a fair policy acceptable for all
The future is blockChain Crypto tech
No matter what the circumstances are
I have so many good traders friends so many followers from India
I Hope the situation get clear Soon🙏
Good News for India users
Following
Binance, has recently introduced two new web addresses specifically for its Indian customers: binance.me and binance.info. This move aims to provide Indian users with dedicated access to Binance's services and resources.
#IndiaCryptoRevolution #indiabanURL #IndianRegulation #IndianRegulation #BTC
Following
Binance, has recently introduced two new web addresses specifically for its Indian customers: binance.me and binance.info. This move aims to provide Indian users with dedicated access to Binance's services and resources.
#IndiaCryptoRevolution #indiabanURL #IndianRegulation #IndianRegulation #BTC
The Indian government has to #ReduceCtyptoTax now or later.
1% TDS on each trade makes no sense.
People will use Indian CEX for HODL only. So exchanges will suffer with volume.
Some will go for loopholes and a % of market will turn into grey market.
Govt will lose revenue.
#IndianRegulation #IndiaCryptoRevolution #CryptoTaxReform #indiabanURL #cryptocurrecny
1% TDS on each trade makes no sense.
People will use Indian CEX for HODL only. So exchanges will suffer with volume.
Some will go for loopholes and a % of market will turn into grey market.
Govt will lose revenue.
#IndianRegulation #IndiaCryptoRevolution #CryptoTaxReform #indiabanURL #cryptocurrecny