Shared the buy position on my telegram group .People made good profit .Next move will share here pls follow me .Let's co-create profits and improve our lives
the indian government should also buy btc as reserve in the central bank bitcoin will soon become a reserve currency and early move can be an edge like El Salvador
Bitcoinik
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The Crypto Regulatory Discussion Starts in Indiaās Parliament: Good News for Crypto Traders
Reportedly, the government of India is discussing the crypto regulatory efforts in the parliament, but the date for the introduction of any framework is still uncertain.
India is a very big jurisdiction for the crypto sector. As per survey reports, currently, the highest number of crypto traders are basically from India. In terms of total crypto assets holding valuation, India is still lagging very far from the US crypto investors. Currently, the crypto companies are providing crypto services under a partial regulatory framework. Cryptocurrencies have been regulated under the Prevention of Money Laundering Act (PMLA) since March 7, 2023. At the beginning of this year, many crypto companies faced regulatory heat for not registering with the Indian FIU unit.
On 16 Dec 2024, Some discussions in the parliament touched the topic related to crypto regulation in the Indian jurisdiction.
Discussion regarding #crypto regulation in the Indian parliament! pic.twitter.com/kBAUKyAIpz
ā Bitcoinik (@Bitcoinikdotcom) December 16, 2024
Discussion on this matter confirmed that the lawmakers are working on the regulatory framework, but due to the decentralised nature of cryptocurrencies, they are also required to collaborate with the financial regulators of foreign countries to prohibit illicit crypto transactions or money laundering activities.
For this regulatory framework, A discussion paper may be published to outline regulatory stances, but no specific timeline is set for the same.
Before this, the Indian leaders had already shown their global crypto regulatory efforts during the G20 summit hosted by India.
In the current scenario, the Indian financial regulators are focused on making a perfect way to regulate the crypto space to protect the crypto investors & simultaneously give better room for the crypto sector to evolve.
Because of the decentralised nature of cryptocurrencies, the financial regulators are not in that phase where they can claim to provide investor protection.
India & defunct crypto exchanges
Already FIU-registered crypto trading platforms WazirX & Bitbns collapsed badly following a cyber hacking incident. Many of the customers belonging to this platform raised the questions of why the Indian financial regulators are asking for registration, for the crypto companies & why they are taking taxes from the crypto traders while theyāre ignoring crypto-related incidents.
Read also: Bitget crypto exchange secures regulatory approval in El Salvador, Bitget token pumps sharply
all insider trading no risk no gain but big risk big pain stay safu
Mkeshari
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Bullish
XRP investor turned his $2,500 into $200,000 by purchasing XRP futures with 500x leverage on the cryptocurrency exchange Rollbit.
This smart investor opened a position with 500x leverage worth $2,560 when the XRP price was trading below $2.
This meant that if XRP fell below $1.90, the entire position would be liquidated. The investor who took the big risk ended up winning, not losing. As the XRP price rose, the investor gradually closed his position between $2.13 and $2.29, earning a return of approximately 7,500%.
invest in Bitcoin and make btc reserve currency the prices will moon and then repay it's debts no shots no blood no bullying no lobbying no isolation no sanction pure finance
å®ę³¢č¶åæč®ŗ1
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The American icon wants to cancel the $35 trillion debt, and given the current situation, there are only 10 ways out. 1. Declare war on China, then all debts and assets will no longer belong to the United States! This idea is extremely dangerous and unrealistic. War will only bring destruction and suffering.
2. Threaten the Jewish financial consortium to use this money to meet the $35 trillion debt, or leave the United States. This approach could trigger greater domestic conflicts and chaos. The consortium plays an important role in the economy, but forcing them to bear such a huge debt could lead to capital flight and economic instability.
3. Try to renegotiate debt terms with major creditor countries, alleviating short-term repayment pressure by extending repayment periods and lowering interest rates, but this requires the consent and cooperation of creditor countries and may damage the long-term credit image of the United States.
4. Massively print money to dilute the value of the debt; however, this would trigger severe inflation, causing domestic prices to soar, and sharply increase the cost of living for the people, thus impacting the economic order and social stability of the United States.
5. Sell a large amount of state-owned assets, such as land, energy resource development rights, etc., but this may involve many political and legal restrictions and weaken the strategic control of the United States in key areas.
6. Promote a new round of global economic plundering, for example, gaining more economic benefits from other countries through trade protectionism, but this could trigger a global trade war, disrupt the global economic cooperation system, and isolate the United States internationally.
7. Hope for explosive economic growth brought about by technological breakthroughs, quickly creating huge wealth from new technological achievements for debt repayment, but technological development is uncertain and cyclical, making it difficult to achieve goals in the short term.
8. Encourage domestic companies to expand overseas on a large scale, with profits flowing back to the United States for debt repayment, but this faces many challenges such as international market competition and geopolitical risks.
9. Cut large-scale military spending and welfare programs domestically; however, this would touch the interests of many interest groups and trigger domestic political turmoil and social discontent.
10. Join other debtor countries to jointly initiate a global debt restructuring initiative, attempting to build a new debt rule system, but this requires countries to reach a high degree of consensus, and the United States may lose some leadership. #NFTåøåŗåę
always keep two bank accounts use one account to transfer and other to store ur savings/profits do not use ur main bank account to transact for p2p u make ur self vulnerable
Rasheed bhutta
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P2P Scam Alert: $20,000 Lost ā Protect Yourself!
A shocking scam experience was recently shared by
P2P SCAM ALERT: $20,000 GONE! š±ā This Could Happen to YOU! One of my followers just shared a shocking experience, and itās a WARNING you donāt want to ignore. Check out what happened to him: š His Story: "So, I was just enjoying my day, trying to pay for something via UPI, but kept getting errors. At first, I didnāt think much of it, but then I decided to reach out to my bank. Thatās when the shock hit meāmy bank account was frozen due to non-legal funds!" It turns out, the person who paid me on P2P was involved in fraud, and anyone he transacted with had their accounts frozen too! Here's what I learned the hard way, and how YOU can avoid this: ā ļø NEVER transact with someone who has: Less than 50% trades Less than 95% completion rate š” ALWAYS make sure the bank account holderās name matches the one on Binance. (And just to add, my bank account is STILL frozen š) š Protect Your Funds! Letās stay safe together and avoid these P2P traps. š« If youāve experienced something like this or know someone who has, drop a comment or share your story below. Weāre in this together!
$BTC Be cautious when BTC hits $100k. Many big investors are likely to sell off 20-30% of their BTC holdings. Even whales and exchanges might struggle to control the bull marketās momentum. This may cause sharp dump. I warned you! My long position has closed at 99500. Waiting BTC reaction to decide