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Wow United Arab Emirates (UAE) holds $40 billion in Bitcoin.👏👏👏
🇮🇳 when in India #india_crypto #BTCNextMove
🇮🇳 when in India #india_crypto #BTCNextMove
🚨BREAKING🚨
The Indian High Court has ruled that cryptocurrency transactions are not illegal. The Orissa High Court in India has declared that bitcoin transactions are not illegal under Indian law. This verdict stemmed from a case involving individuals accused of fraud via a Ponzi scheme.
#Crypto #india_crypto #TopCoinsJune2024 #TopCoinsJune2024 #TopCoinsJune2024
The Indian High Court has ruled that cryptocurrency transactions are not illegal. The Orissa High Court in India has declared that bitcoin transactions are not illegal under Indian law. This verdict stemmed from a case involving individuals accused of fraud via a Ponzi scheme.
#Crypto #india_crypto #TopCoinsJune2024 #TopCoinsJune2024 #TopCoinsJune2024
How India's government changed their mind on Crypto
India’s relationship with cryptocurrency has evolved significantly over the past few years, moving from skepticism to cautious acceptance and regulation. The country is making strides in adopting cryptocurrency and blockchain technology, driven by various factors including financial inclusion, technological innovation, and global competitiveness. Here’s a detailed look at how India is adopting crypto and what its main goals are in the near future.
### Current State of Crypto Adoption in India
#### Regulatory Landscape
1. Past Challenges:
- Initially, the Reserve Bank of India (RBI) had imposed a banking ban on cryptocurrencies in 2018, which was later overturned by the Supreme Court in March 2020. This reversal marked a significant milestone for the Indian crypto ecosystem.
2. Emerging Regulations:
- The Indian government has been deliberating over comprehensive regulations for cryptocurrencies. The Cryptocurrency and Regulation of Official Digital Currency Bill is expected to clarify the legal status of cryptocurrencies, focusing on consumer protection, anti-money laundering (AML), and combating the financing of terrorism (CFT).
3. Central Bank Digital Currency (CBDC):
- The RBI is also exploring the development of its own digital currency (CBDC), which would be a digital form of the Indian Rupee. This initiative aligns with the global trend of central banks examining digital currencies to enhance financial systems.
#### Market Growth
1. Increased Adoption:
- There has been a substantial increase in the number of crypto users and exchanges operating in India. Major exchanges like WazirX, CoinDCX, and ZebPay have seen exponential growth in user base and trading volumes.
2. Investment Trends:
- Indian investors are diversifying into cryptocurrencies as an asset class, with significant interest in Bitcoin, Ethereum, and other altcoins. This trend is particularly strong among younger, tech-savvy individuals.
3. Start-up Ecosystem:
- India’s burgeoning start-up ecosystem is embracing blockchain technology, with numerous startups developing blockchain-based solutions across various sectors including finance, supply chain, healthcare, and governance.
#### Government and Institutional Interest
1. Government Initiatives:
- The Indian government has shown interest in leveraging blockchain technology for enhancing transparency, efficiency, and security in public administration. Initiatives include using blockchain for land registry, identity management, and supply chain logistics.
2. Institutional Involvement:
- Indian financial institutions and tech companies are exploring blockchain for cross-border payments, smart contracts, and digital identity verification. This involvement is fostering a broader acceptance of blockchain technology.
### Main Goals for the Near Future
#### 1. Establishing a Clear Regulatory Framework
Objective:
- To provide legal clarity and a stable regulatory environment for cryptocurrencies.
Actions:
- Finalizing and implementing the Cryptocurrency and Regulation of Official Digital Currency Bill.
- Defining clear guidelines for exchanges, ICOs (Initial Coin Offerings), and crypto-related businesses.
- Ensuring compliance with AML and CFT regulations to prevent misuse of cryptocurrencies.
#### 2. Launching the Digital Rupee (CBDC)
Objective:
- To modernize the monetary system and improve financial inclusion through a Central Bank Digital Currency (CBDC).
Actions:
- Conducting pilot projects and research to develop a robust digital currency framework.
- Collaborating with financial institutions and technology partners for the implementation of the CBDC.
- Educating the public and ensuring smooth integration with the existing financial infrastructure.
#### 3. Promoting Blockchain Innovation
Objective:
- To position India as a global leader in blockchain technology and innovation.
Actions:
- Supporting blockchain startups and encouraging the development of homegrown blockchain solutions.
- Integrating blockchain technology in government and public sector projects.
- Facilitating partnerships between academia, industry, and government to drive research and development.
#### 4. Enhancing Financial Inclusion
Objective:
- To leverage cryptocurrencies and blockchain to provide financial services to the unbanked and underbanked populations.
Actions:
- Promoting the use of cryptocurrencies for remittances, microfinance, and peer-to-peer lending.
- Developing user-friendly and secure crypto wallets accessible to rural and underserved communities.
- Encouraging financial literacy programs to educate the public about the benefits and risks of cryptocurrencies.
#### 5. Strengthening Cybersecurity
Objective:
- To protect the crypto ecosystem from cyber threats and ensure the security of digital transactions.
Actions:
- Implementing stringent cybersecurity measures and standards for crypto exchanges and wallets.
- Conducting regular audits and monitoring to prevent fraud and cyberattacks.
- Collaborating with international bodies to adopt best practices in cybersecurity.
### Conclusion
India’s adoption of cryptocurrency and blockchain technology is driven by a desire to harness innovation, enhance financial inclusion, and maintain competitiveness in the global digital economy. By establishing a clear regulatory framework, launching a CBDC, promoting blockchain innovation, enhancing financial inclusion, and strengthening cybersecurity, India aims to create a robust and secure crypto ecosystem. These efforts reflect a balanced approach to embracing the potential of cryptocurrencies while mitigating associated risks, paving the way for a promising future in the digital financial landscape.
#massAdoption #india_crypto #BinanceTournament
### Current State of Crypto Adoption in India
#### Regulatory Landscape
1. Past Challenges:
- Initially, the Reserve Bank of India (RBI) had imposed a banking ban on cryptocurrencies in 2018, which was later overturned by the Supreme Court in March 2020. This reversal marked a significant milestone for the Indian crypto ecosystem.
2. Emerging Regulations:
- The Indian government has been deliberating over comprehensive regulations for cryptocurrencies. The Cryptocurrency and Regulation of Official Digital Currency Bill is expected to clarify the legal status of cryptocurrencies, focusing on consumer protection, anti-money laundering (AML), and combating the financing of terrorism (CFT).
3. Central Bank Digital Currency (CBDC):
- The RBI is also exploring the development of its own digital currency (CBDC), which would be a digital form of the Indian Rupee. This initiative aligns with the global trend of central banks examining digital currencies to enhance financial systems.
#### Market Growth
1. Increased Adoption:
- There has been a substantial increase in the number of crypto users and exchanges operating in India. Major exchanges like WazirX, CoinDCX, and ZebPay have seen exponential growth in user base and trading volumes.
2. Investment Trends:
- Indian investors are diversifying into cryptocurrencies as an asset class, with significant interest in Bitcoin, Ethereum, and other altcoins. This trend is particularly strong among younger, tech-savvy individuals.
3. Start-up Ecosystem:
- India’s burgeoning start-up ecosystem is embracing blockchain technology, with numerous startups developing blockchain-based solutions across various sectors including finance, supply chain, healthcare, and governance.
#### Government and Institutional Interest
1. Government Initiatives:
- The Indian government has shown interest in leveraging blockchain technology for enhancing transparency, efficiency, and security in public administration. Initiatives include using blockchain for land registry, identity management, and supply chain logistics.
2. Institutional Involvement:
- Indian financial institutions and tech companies are exploring blockchain for cross-border payments, smart contracts, and digital identity verification. This involvement is fostering a broader acceptance of blockchain technology.
### Main Goals for the Near Future
#### 1. Establishing a Clear Regulatory Framework
Objective:
- To provide legal clarity and a stable regulatory environment for cryptocurrencies.
Actions:
- Finalizing and implementing the Cryptocurrency and Regulation of Official Digital Currency Bill.
- Defining clear guidelines for exchanges, ICOs (Initial Coin Offerings), and crypto-related businesses.
- Ensuring compliance with AML and CFT regulations to prevent misuse of cryptocurrencies.
#### 2. Launching the Digital Rupee (CBDC)
Objective:
- To modernize the monetary system and improve financial inclusion through a Central Bank Digital Currency (CBDC).
Actions:
- Conducting pilot projects and research to develop a robust digital currency framework.
- Collaborating with financial institutions and technology partners for the implementation of the CBDC.
- Educating the public and ensuring smooth integration with the existing financial infrastructure.
#### 3. Promoting Blockchain Innovation
Objective:
- To position India as a global leader in blockchain technology and innovation.
Actions:
- Supporting blockchain startups and encouraging the development of homegrown blockchain solutions.
- Integrating blockchain technology in government and public sector projects.
- Facilitating partnerships between academia, industry, and government to drive research and development.
#### 4. Enhancing Financial Inclusion
Objective:
- To leverage cryptocurrencies and blockchain to provide financial services to the unbanked and underbanked populations.
Actions:
- Promoting the use of cryptocurrencies for remittances, microfinance, and peer-to-peer lending.
- Developing user-friendly and secure crypto wallets accessible to rural and underserved communities.
- Encouraging financial literacy programs to educate the public about the benefits and risks of cryptocurrencies.
#### 5. Strengthening Cybersecurity
Objective:
- To protect the crypto ecosystem from cyber threats and ensure the security of digital transactions.
Actions:
- Implementing stringent cybersecurity measures and standards for crypto exchanges and wallets.
- Conducting regular audits and monitoring to prevent fraud and cyberattacks.
- Collaborating with international bodies to adopt best practices in cybersecurity.
### Conclusion
India’s adoption of cryptocurrency and blockchain technology is driven by a desire to harness innovation, enhance financial inclusion, and maintain competitiveness in the global digital economy. By establishing a clear regulatory framework, launching a CBDC, promoting blockchain innovation, enhancing financial inclusion, and strengthening cybersecurity, India aims to create a robust and secure crypto ecosystem. These efforts reflect a balanced approach to embracing the potential of cryptocurrencies while mitigating associated risks, paving the way for a promising future in the digital financial landscape.
#massAdoption #india_crypto #BinanceTournament
What will happen for the $FLOKI and $SHIB holders because of the incident happened in India???????
#ETH_ETF_Approval_23July #floki #shib #india_crypto #SHIBAUSDT
#ETH_ETF_Approval_23July #floki #shib #india_crypto #SHIBAUSDT
₹𝟵𝟭,𝟬𝟬,𝟬𝟬𝟬 𝗖𝗿𝘆𝗽𝘁𝗼 𝗦𝗰𝗮𝗺 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮 !
#india_crypto #indiaceyptotax #BTC☀ #Biden_Out_BTC_Up #Bitcoin_Coneference_2024
#india_crypto #indiaceyptotax #BTC☀ #Biden_Out_BTC_Up #Bitcoin_Coneference_2024
🚨𝐑𝐚𝐧𝐬𝐨𝐦𝐰𝐚𝐫𝐞 𝐚𝐭𝐭𝐚𝐜𝐤 𝐡𝐢𝐭 𝟑𝟎𝟎 𝐒𝐦𝐚𝐥𝐥 𝐈𝐧𝐝𝐢𝐚𝐧 𝐁𝐚𝐧𝐤𝐬🤯⚡️
In a cybersecurity incident, a ransomware attack on C-Edge Technologies, a service provider for small banks across India 🇮🇳 , has forced the temporary shutdown of payment systems for nearly 300 local financial institutions.🏦 🔐
𝑪𝒉𝒐𝒐𝒔𝒆 𝑪𝒓𝒚𝒑𝒕𝒐, 𝑺𝒕𝒂𝒚 𝑺𝑨𝑭𝑼 !! 🙌
#india_crypto #bankcrashes #BinanceTournament #Babylon_Mainnet_Launch
In a cybersecurity incident, a ransomware attack on C-Edge Technologies, a service provider for small banks across India 🇮🇳 , has forced the temporary shutdown of payment systems for nearly 300 local financial institutions.🏦 🔐
𝑪𝒉𝒐𝒐𝒔𝒆 𝑪𝒓𝒚𝒑𝒕𝒐, 𝑺𝒕𝒂𝒚 𝑺𝑨𝑭𝑼 !! 🙌
#india_crypto #bankcrashes #BinanceTournament #Babylon_Mainnet_Launch
BREAKING:🇮🇳 India to Release #Crypto Policy Discussion Paper by September
#india_crypto #bitcoin #BinanceTurns7
#india_crypto #bitcoin #BinanceTurns7
🚨💥 Two years ago TODAY: Terra LUNA CRASHED 99.999% 😱, wiping out $7 BILLION in DAYS! From $100 to less than $0.002, investors were left devastated.
The crash was triggered by Terra’s unstable algorithmic stablecoin, UST, which lost 40% of its value. Founder Do Kwon fled but was later captured in Montenegro and now faces charges in South Korea! Despite efforts to relaunch with new coins, both LUNA and LUNC have failed to regain value. Is this the ultimate cautionary tale for crypto investors? 📉🔍
$USTC $LUNC $LUNA #india_crypto
The crash was triggered by Terra’s unstable algorithmic stablecoin, UST, which lost 40% of its value. Founder Do Kwon fled but was later captured in Montenegro and now faces charges in South Korea! Despite efforts to relaunch with new coins, both LUNA and LUNC have failed to regain value. Is this the ultimate cautionary tale for crypto investors? 📉🔍
$USTC $LUNC $LUNA #india_crypto
Accept the losses. In investing and trading, one of the most difficult things to do is to accept your loss. I often read posts on Binance Square from people saying "Hold this crypto!! It will bounce back!!! You will see, it will go up again!!" Especially on shitcoins that have done well lately ($SHIB, $FLOKI, etc.). I know many people will insult me in the comments, but you need to hear the truth: stop listening to people who tell you to hold on, they know absolutely nothing. They are trying to convince you to convince themselves because they themselves are at a loss and have invested too much, too, too late. These people have lost money and thus entered crypto after completely happy and stupid actions. It's a big mistake to think "not lost, not lost": If you know an investment is bad and will continue to depreciate, you shouldn't hold onto it just because you want to. are at a loss and in principle, you should not sell at a loss. There are many more opportunities in the market,
Rest next post
#Pakistani_Bitcoin #Bangladesh #india_crypto #AMU
Rest next post
#Pakistani_Bitcoin #Bangladesh #india_crypto #AMU
Turning $10 into $5,000 on Binance within a month
!SURPRISE!
is a very ambitious goal and involves taking on high risks. Here are some strategies you could consider:
1. Leverage Trading: In the futures market, you can borrow funds to increase your trading position, which could turn small price changes into big gains. But be aware, this also means you could lose your entire investment very quickly if the market moves against you.
2. Day Trading or Scalping: This involves making lots of trades in short time frames to profit from small price movements. It requires a strong understanding of technical analysis, market trends, and the ability to make quick decisions.
3. Investing in High-Risk Altcoins: Some low-cap cryptocurrencies can rapidly increase in value, potentially giving you huge returns. However, they are very volatile, and you could lose everything if the project fails.
4. Binance Launchpad or Launchpool: These platforms introduce new tokens, which can sometimes perform very well after their launch. Getting in early might lead to significant gains, but there’s also a risk if the token doesn’t succeed.
5. Yield Farming in DeFi: You can earn high returns by staking or lending your assets on decentralized finance platforms. However, this carries risks like smart contract vulnerabilities or impermanent loss.
While these strategies could potentially help you reach your goal, they are all high-risk. It’s important to only invest money you can afford to lose and to be very cautious, as the chances of losing your investment are just as high as making a profit.
I've put a lot of effort and time into this research. If you don't mind, please like and retweet the first tweet and FOLLOW me - @Tracer
#TON #TelegramCEO #BNBChainMemecoins #BlackRockETHOptions #CryptoMarketMoves
is a very ambitious goal and involves taking on high risks. Here are some strategies you could consider:
1. Leverage Trading: In the futures market, you can borrow funds to increase your trading position, which could turn small price changes into big gains. But be aware, this also means you could lose your entire investment very quickly if the market moves against you.
2. Day Trading or Scalping: This involves making lots of trades in short time frames to profit from small price movements. It requires a strong understanding of technical analysis, market trends, and the ability to make quick decisions.
3. Investing in High-Risk Altcoins: Some low-cap cryptocurrencies can rapidly increase in value, potentially giving you huge returns. However, they are very volatile, and you could lose everything if the project fails.
4. Binance Launchpad or Launchpool: These platforms introduce new tokens, which can sometimes perform very well after their launch. Getting in early might lead to significant gains, but there’s also a risk if the token doesn’t succeed.
5. Yield Farming in DeFi: You can earn high returns by staking or lending your assets on decentralized finance platforms. However, this carries risks like smart contract vulnerabilities or impermanent loss.
While these strategies could potentially help you reach your goal, they are all high-risk. It’s important to only invest money you can afford to lose and to be very cautious, as the chances of losing your investment are just as high as making a profit.
I've put a lot of effort and time into this research. If you don't mind, please like and retweet the first tweet and FOLLOW me - @Tracer
#TON #TelegramCEO #BNBChainMemecoins #BlackRockETHOptions #CryptoMarketMoves
Breaking News:
India to Regulate Cryptocurrency | Your Voice Matters !!
India's crypto scene is buzzing! The government is gearing up to regulate the cryptocurrency market and is calling on YOU, the public, to share your thoughts.
This landmark move could redefine the crypto landscape in India, aiming to enhance security, drive innovation, and curb fraud.
Why Should You Care?
Safety First:
New regulations will safeguard investors, making crypto trading more secure than ever.Igniting Innovation: With clear guidelines, businesses will flourish, paving the way for cutting-edge technologies.
Combatting Fraud:
Stricter rules mean fewer scams and a safer market for all.
This is your chance to influence the future of crypto in India.
✅ Like ❤️ | 🗯️ Comment 💬 | ♻️ Retweet 🔁 @KhannAmirr
#india_crypto #indiaceyptotax #WAZRIX #CryptoUpdates
India to Regulate Cryptocurrency | Your Voice Matters !!
India's crypto scene is buzzing! The government is gearing up to regulate the cryptocurrency market and is calling on YOU, the public, to share your thoughts.
This landmark move could redefine the crypto landscape in India, aiming to enhance security, drive innovation, and curb fraud.
Why Should You Care?
Safety First:
New regulations will safeguard investors, making crypto trading more secure than ever.Igniting Innovation: With clear guidelines, businesses will flourish, paving the way for cutting-edge technologies.
Combatting Fraud:
Stricter rules mean fewer scams and a safer market for all.
This is your chance to influence the future of crypto in India.
✅ Like ❤️ | 🗯️ Comment 💬 | ♻️ Retweet 🔁 @KhannAmirr
#india_crypto #indiaceyptotax #WAZRIX #CryptoUpdates
🧐💰🇮🇳 Convert Bitcoin and Crypto to Cash in India 🇮🇳💸
Wondering if you can turn your digital assets into cash? The answer is YES! Despite the evolving regulations in India, you can still convert your cryptocurrency into Indian Rupees (INR). Here’s what you need to know:
- Tax Impact: A 30% tax on profits and 1% TDS applies when converting crypto to cash. Make sure you're prepared!
- Processing Time: Depending on the platform and method, the withdrawal process might take a few days.
- Fees: Be aware of the withdrawal fees charged by exchanges and other platforms.
- Market Fluctuations: Crypto prices can change quickly, so the cash amount may vary.
- Stay Secure: Always use trusted and secure platforms.
🚀 Ready to cash out? Keep these points in mind for a smooth experience!
Your generous Tip help us to provide you top-tier investment advice ❤
#MarketDownturn #Write2Earn! #CryptoMarketMoves #BlackRockETHOptions #india_crypto
Wondering if you can turn your digital assets into cash? The answer is YES! Despite the evolving regulations in India, you can still convert your cryptocurrency into Indian Rupees (INR). Here’s what you need to know:
- Tax Impact: A 30% tax on profits and 1% TDS applies when converting crypto to cash. Make sure you're prepared!
- Processing Time: Depending on the platform and method, the withdrawal process might take a few days.
- Fees: Be aware of the withdrawal fees charged by exchanges and other platforms.
- Market Fluctuations: Crypto prices can change quickly, so the cash amount may vary.
- Stay Secure: Always use trusted and secure platforms.
🚀 Ready to cash out? Keep these points in mind for a smooth experience!
Your generous Tip help us to provide you top-tier investment advice ❤
#MarketDownturn #Write2Earn! #CryptoMarketMoves #BlackRockETHOptions #india_crypto
PM Modi Holds Meeting With Bolkiah, Says 'Brunei An Important Partner In India's Act East policy
#modiGovernmentCryptocurrency #india_crypto #IndianCryptoCommunity
#PMMODI #IndiaCryptoFreedom
Prime Minister Narendra Modi on Wednesday met with Sultan Haji Hassanal Bolkiah of Brunei for a bilateral meeting on wide-ranging topics and discussed trade ties, commercial linkages and people-to-people exchanges.
“I express my heartfelt gratitude to you and the entire Royal Family for your kind words, warm welcome and hospitality. I convey my greetings to you and the people of Brunei on the 40th anniversary of Independence on behalf of 1.4 billion Indians. We have centuries-old cultural ties,” PM Modi said.
“The basis of our friendship is our great cultural tradition. Under your leadership, our relations have been growing stronger day by day. The memories of your visit to India as the Chief Guest on our Republic Day in 2018 are still remembered with great pride by the people of India,” he added.
The Prime Minister further stated, “I am extremely happy that I have had the opportunity to visit Brunei at the beginning of my third term and to discuss the future with you. It is also a happy coincidence that this year we are celebrating the 40th anniversary of our bilateral partnership. Brunei being an important partner in India’s Act East Policy and Indo-Pacific Vision is a guarantee of a bright future for us.”
PM Modi, who is the first Indian Prime Minister to travel to Brunei on a bilateral visit, was welcomed by Sultan Bolkiah and his close family members at the Istana Nurul Iman, which is the official residence of the Sultan, and the seat of the Brunei government.
“Delighted to meet His Majesty Sultan Haji Hassanal Bolkiah. Our talks were wide ranging and included ways to further cement bilateral ties between our nations. We are going to further expand trade ties, commercial linkages and people-to-people exchanges,” Modi said in a post on X.
PM Modi’s historic visit is an important milestone in the 40-year diplomatic relationship between the two countries that enjoy a friendly relationship marked by mutual respect and understanding on bilateral and multilateral issues, officials said.
“Building stronger India-Brunei relations. PM @narendramodi was warmly welcomed at the Istana Nurul Iman by His Majesty Sultan Haji Hassanal Bolkiah of Brunei and his close family members.
Brunei is an important partner in India’s ‘Act East’ Policy and its Vision of the Indo-Pacific,” the Ministry of External Affairs (MEA) posted on X along with the photos.
The two countries are linked by history, culture and tradition spanning a millennium, the MEA had said ahead of Modi’s visit to the South East Asian nation.
Earlier on Tuesday, Modi, who is the first Indian Prime Minister to travel to Brunei on a bilateral visit, said he was looking forward to his meetings with Sultan Hassanal Bolkiah and other members of the royal family “to take the historical relationship to new heights.” The Prime Minister said he was looking forward to strong ties with Brunei, as he arrived here on the first leg of his two-nation trip meant to strengthen cooperation in sectors like defence, trade and investment, energy as well as people-to-people exchanges.
As a special gesture, Modi was received by Crown Prince Al-Muhtadee Billah at the airport. He visited the iconic Omar Ali Saifuddien Mosque here and also inaugurated the new chancery premises of the High Commission of India. At both places, he interacted with the Indian diaspora.
From Brunei, Modi will travel to Singapore later on Wednesday.
#PMMODI #IndiaCryptoFreedom
Prime Minister Narendra Modi on Wednesday met with Sultan Haji Hassanal Bolkiah of Brunei for a bilateral meeting on wide-ranging topics and discussed trade ties, commercial linkages and people-to-people exchanges.
“I express my heartfelt gratitude to you and the entire Royal Family for your kind words, warm welcome and hospitality. I convey my greetings to you and the people of Brunei on the 40th anniversary of Independence on behalf of 1.4 billion Indians. We have centuries-old cultural ties,” PM Modi said.
“The basis of our friendship is our great cultural tradition. Under your leadership, our relations have been growing stronger day by day. The memories of your visit to India as the Chief Guest on our Republic Day in 2018 are still remembered with great pride by the people of India,” he added.
The Prime Minister further stated, “I am extremely happy that I have had the opportunity to visit Brunei at the beginning of my third term and to discuss the future with you. It is also a happy coincidence that this year we are celebrating the 40th anniversary of our bilateral partnership. Brunei being an important partner in India’s Act East Policy and Indo-Pacific Vision is a guarantee of a bright future for us.”
PM Modi, who is the first Indian Prime Minister to travel to Brunei on a bilateral visit, was welcomed by Sultan Bolkiah and his close family members at the Istana Nurul Iman, which is the official residence of the Sultan, and the seat of the Brunei government.
“Delighted to meet His Majesty Sultan Haji Hassanal Bolkiah. Our talks were wide ranging and included ways to further cement bilateral ties between our nations. We are going to further expand trade ties, commercial linkages and people-to-people exchanges,” Modi said in a post on X.
PM Modi’s historic visit is an important milestone in the 40-year diplomatic relationship between the two countries that enjoy a friendly relationship marked by mutual respect and understanding on bilateral and multilateral issues, officials said.
“Building stronger India-Brunei relations. PM @narendramodi was warmly welcomed at the Istana Nurul Iman by His Majesty Sultan Haji Hassanal Bolkiah of Brunei and his close family members.
Brunei is an important partner in India’s ‘Act East’ Policy and its Vision of the Indo-Pacific,” the Ministry of External Affairs (MEA) posted on X along with the photos.
The two countries are linked by history, culture and tradition spanning a millennium, the MEA had said ahead of Modi’s visit to the South East Asian nation.
Earlier on Tuesday, Modi, who is the first Indian Prime Minister to travel to Brunei on a bilateral visit, said he was looking forward to his meetings with Sultan Hassanal Bolkiah and other members of the royal family “to take the historical relationship to new heights.” The Prime Minister said he was looking forward to strong ties with Brunei, as he arrived here on the first leg of his two-nation trip meant to strengthen cooperation in sectors like defence, trade and investment, energy as well as people-to-people exchanges.
As a special gesture, Modi was received by Crown Prince Al-Muhtadee Billah at the airport. He visited the iconic Omar Ali Saifuddien Mosque here and also inaugurated the new chancery premises of the High Commission of India. At both places, he interacted with the Indian diaspora.
From Brunei, Modi will travel to Singapore later on Wednesday.
🧐💰🇮🇳 Convert Bitcoin and Crypto to Cash in India 🇮🇳💸
Wondering if you can turn your digital assets into cash? The answer is YES! Despite the evolving regulations in India, you can still convert your cryptocurrency into Indian Rupees (INR). Here’s what you need to know:
- Tax Impact: A 30% tax on profits and 1% TDS applies when converting crypto to cash. Make sure you're prepared!
- Processing Time: Depending on the platform and method, the withdrawal process might take a few days.
- Fees: Be aware of the withdrawal fees charged by exchanges and other platforms.
- Market Fluctuations: Crypto prices can change quickly, so the cash amount may vary.
- Stay Secure: Always use trusted and secure platforms.
🚀 Ready to cash out? Keep these points in mind for a smooth experience!
Your generous Tip help us to provide you top-tier investment advice ❤
#MarketDownturn #Write2Earn! #CryptoMarketMoves #BlackRockETHOptions #india_crypto
Wondering if you can turn your digital assets into cash? The answer is YES! Despite the evolving regulations in India, you can still convert your cryptocurrency into Indian Rupees (INR). Here’s what you need to know:
- Tax Impact: A 30% tax on profits and 1% TDS applies when converting crypto to cash. Make sure you're prepared!
- Processing Time: Depending on the platform and method, the withdrawal process might take a few days.
- Fees: Be aware of the withdrawal fees charged by exchanges and other platforms.
- Market Fluctuations: Crypto prices can change quickly, so the cash amount may vary.
- Stay Secure: Always use trusted and secure platforms.
🚀 Ready to cash out? Keep these points in mind for a smooth experience!
Your generous Tip help us to provide you top-tier investment advice ❤
#MarketDownturn #Write2Earn! #CryptoMarketMoves #BlackRockETHOptions #india_crypto
🚨 𝐓𝐨𝐩 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐒𝐓 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 𝐦𝐞𝐞𝐭𝐢𝐧𝐠 𝐭𝐨𝐝𝐚𝐲 👇
🔸Online gaming revenue surged 412% to Rs 6,909 crore in the past six months.
🔸Casinos saw a 30% increase in revenue, according to the Finance Ministry.
🔸The Group of Ministers (GoM) on health insurance is expected to present its report by the end of October.
🔸Status reports from the GoM on real estate and rate rationalisation were submitted, along with updates on online gaming and casinos.
🔸No decision has been made on GST slab rationalisation yet.
🔸A new GST invoice management system will be implemented from October 1, and the Council plans to introduce GST invoicing for business-to-customer transactions.
🔸The discussion on EV charging stations was deferred, and there was no talk on taxes for online payments.
🔸Import of services by foreign airline companies will be exempt from GST, and renting of commercial properties will be brought under the reverse charge mechanism.
#GST #economy #india_crypto
🔸Casinos saw a 30% increase in revenue, according to the Finance Ministry.
🔸The Group of Ministers (GoM) on health insurance is expected to present its report by the end of October.
🔸Status reports from the GoM on real estate and rate rationalisation were submitted, along with updates on online gaming and casinos.
🔸No decision has been made on GST slab rationalisation yet.
🔸A new GST invoice management system will be implemented from October 1, and the Council plans to introduce GST invoicing for business-to-customer transactions.
🔸The discussion on EV charging stations was deferred, and there was no talk on taxes for online payments.
🔸Import of services by foreign airline companies will be exempt from GST, and renting of commercial properties will be brought under the reverse charge mechanism.
#GST #economy #india_crypto
Crypto Regulations in India: Consultation Paper on the Horizon
VOTE US IF WE DESERVE
CRYPTOXHOP Reports
The Regulatory Landscape Evolves:
The Indian crypto market has been eagerly awaiting clarity on regulations. According to news.Bitcoin.com, the Indian government is expected to release a consultation paper in the coming months, outlining its approach to cryptocurrency regulations.
This development signals a potential shift in the country's stance on digital assets.
Previous Uncertainty
Lack of Clear Guidelines: The absence of a comprehensive regulatory framework has created uncertainty for investors and businesses operating in the Indian crypto space.
FUD and Market Impact: FUD (fear, uncertainty, and doubt) surrounding regulations has impacted investor sentiment and market growth.
A Step Towards Clarity
Consultation Paper: The release of a consultation paper indicates a willingness from the government to engage with stakeholders and gather feedback.
Potential for Collaboration: Open dialogue between regulators, industry leaders, and the crypto community is crucial for crafting effective regulations.
Cryptoxhop's Perspective:
Transparency and Predictability: Clear regulations can foster transparency and predictability within the Indian crypto market, benefiting investors and businesses alike.
Balancing Innovation and Protection: Regulations should strive to strike a balance between encouraging innovation and protecting consumers from potential risks.
What to Watch For
The Content of the Consultation Paper: Closely monitor the details outlined in the paper to understand the government's proposed regulatory framework.
Industry Response: The reaction of crypto companies and advocacy groups to the consultation paper will be noteworthy.
Stay Informed:
This is a significant development for the Indian crypto market.
Comment below👇👇
#Write2Earn #CARVingTheFutureOfData #cryptoxhop #AirdropGuide #india_crypto
$BTC $ETH $BNB
VOTE US IF WE DESERVE
CRYPTOXHOP Reports
The Regulatory Landscape Evolves:
The Indian crypto market has been eagerly awaiting clarity on regulations. According to news.Bitcoin.com, the Indian government is expected to release a consultation paper in the coming months, outlining its approach to cryptocurrency regulations.
This development signals a potential shift in the country's stance on digital assets.
Previous Uncertainty
Lack of Clear Guidelines: The absence of a comprehensive regulatory framework has created uncertainty for investors and businesses operating in the Indian crypto space.
FUD and Market Impact: FUD (fear, uncertainty, and doubt) surrounding regulations has impacted investor sentiment and market growth.
A Step Towards Clarity
Consultation Paper: The release of a consultation paper indicates a willingness from the government to engage with stakeholders and gather feedback.
Potential for Collaboration: Open dialogue between regulators, industry leaders, and the crypto community is crucial for crafting effective regulations.
Cryptoxhop's Perspective:
Transparency and Predictability: Clear regulations can foster transparency and predictability within the Indian crypto market, benefiting investors and businesses alike.
Balancing Innovation and Protection: Regulations should strive to strike a balance between encouraging innovation and protecting consumers from potential risks.
What to Watch For
The Content of the Consultation Paper: Closely monitor the details outlined in the paper to understand the government's proposed regulatory framework.
Industry Response: The reaction of crypto companies and advocacy groups to the consultation paper will be noteworthy.
Stay Informed:
This is a significant development for the Indian crypto market.
Comment below👇👇
#Write2Earn #CARVingTheFutureOfData #cryptoxhop #AirdropGuide #india_crypto
$BTC $ETH $BNB
🔥🔥 **Indian Authorities Demand $86 Million in Tax from Binance Before Resuming Operations** 😲😲😲😲
📢 Binance, the world’s largest cryptocurrency exchange, is facing tax evasion claims in India, with authorities demanding $86 million in unpaid taxes before the platform can resume operations in the country.
This marks the first time the Indian government is directly taxing a crypto entity within its borders. Binance, along with other crypto projects, was banned from India in January 2024 for non-compliance with local regulations. However, Binance announced in April its intentions to restart operations in the country.
On August 6, the Directorate General of Goods and Service Tax Intelligence (DGGI), an Indian law enforcement agency, officially demanded $86 million from Binance, accusing the exchange of evading the Goods and Services Tax (GST) 🚨.
A source from the DGGI revealed that Binance earned a significant amount of money by charging Indian customers for transactions on their platform. The investigation found that these earnings, totaling at least Rs 4,000 crore, were credited to the account of a Binance Group company, Nest Services Limited, based in Seychelles.
In response to the demand, Indian authorities reached out to Binance offices in Seychelles, The Cayman Islands, and Switzerland. However, it appears that Binance has reportedly ignored those communications.
The situation is still developing, and it remains to be seen how Binance will address these tax claims. #Binance #india_crypto #CryptoTax🇮🇳💰📊🌐 #Write2Earn! #MarketDownturn $BTC
$ETH
$SOL
📢 Binance, the world’s largest cryptocurrency exchange, is facing tax evasion claims in India, with authorities demanding $86 million in unpaid taxes before the platform can resume operations in the country.
This marks the first time the Indian government is directly taxing a crypto entity within its borders. Binance, along with other crypto projects, was banned from India in January 2024 for non-compliance with local regulations. However, Binance announced in April its intentions to restart operations in the country.
On August 6, the Directorate General of Goods and Service Tax Intelligence (DGGI), an Indian law enforcement agency, officially demanded $86 million from Binance, accusing the exchange of evading the Goods and Services Tax (GST) 🚨.
A source from the DGGI revealed that Binance earned a significant amount of money by charging Indian customers for transactions on their platform. The investigation found that these earnings, totaling at least Rs 4,000 crore, were credited to the account of a Binance Group company, Nest Services Limited, based in Seychelles.
In response to the demand, Indian authorities reached out to Binance offices in Seychelles, The Cayman Islands, and Switzerland. However, it appears that Binance has reportedly ignored those communications.
The situation is still developing, and it remains to be seen how Binance will address these tax claims. #Binance #india_crypto #CryptoTax🇮🇳💰📊🌐 #Write2Earn! #MarketDownturn $BTC
$ETH
$SOL
Breaking News: India Takes Lead in Digital Currency Revolution
India is making bold strides in the digital currency space by exploring Central Bank Digital Currencies (CBDCs) and cross-border mobile payment systems. These initiatives aim to modernize financial systems and enhance global payment efficiency. As one of the fastest-growing economies, India's foray into blockchain applications reflects its commitment to technological advancements in finance.
Stay tuned for updates on how these innovations will shape the future of digital transactions globally!
#india_crypto
#Share1BNBDaily
#cbdc
#Share1BNBDaily
#Write2Earn!
India is making bold strides in the digital currency space by exploring Central Bank Digital Currencies (CBDCs) and cross-border mobile payment systems. These initiatives aim to modernize financial systems and enhance global payment efficiency. As one of the fastest-growing economies, India's foray into blockchain applications reflects its commitment to technological advancements in finance.
Stay tuned for updates on how these innovations will shape the future of digital transactions globally!
#india_crypto
#Share1BNBDaily
#cbdc
#Share1BNBDaily
#Write2Earn!
i have 70k dogs should i sell or hold.
#moonbix #BTC☀ #BinanceSquareFamily #india_crypto #dogs
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#moonbix #BTC☀ #BinanceSquareFamily #india_crypto #dogs
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$DOGS
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