CRYPTO Vittal
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🇮🇳IT agencies found that Indian crypto exchanges are misusing client assets for their own trading & lending without sharing profits with users/investors through 2 methods:
1️⃣Re-hypothecation - using customers' deposited crypto assets as collateral for other purposes
2️⃣Commingling - Mixing funds and digital assets from different users or sources into a single wallet or account, making it difficult to trace their origin, ownership, or destination.
#BTC #ETH🔥🔥🔥🔥🔥🔥
1️⃣Re-hypothecation - using customers' deposited crypto assets as collateral for other purposes
2️⃣Commingling - Mixing funds and digital assets from different users or sources into a single wallet or account, making it difficult to trace their origin, ownership, or destination.
#BTC #ETH🔥🔥🔥🔥🔥🔥
🇮🇳Income Tax Department has found that Indian crypto exchanges are using client assets deposited with them for their own purposes, without sharing profits with investors.
IT agencies are unable to act since no regulatory framework explicitly prohibits exchanges from handling assets in this manner.
IT agencies are unable to act since no regulatory framework explicitly prohibits exchanges from handling assets in this manner.
🚨BREAKING: $5B in $ETH options expire Friday bullish sentiment could send #Ethereum soaring past $5K.
$ETH
$ETH
BREAKING: BlackRock’s spot Ethereum ETF added 73,860 ETH ($323.1M) to its holdings on August 26.$ETH
#ETH🔥🔥🔥🔥🔥🔥
#ETH🔥🔥🔥🔥🔥🔥
BREAKING:
Fidelity buys 578 $BTC worth $63.7 million💰.
BREAKING
Bitmine Just bought another 4,871 $ETH ($21.28M) and now holds 1,718,770 $ETH $7.65 billion.
#ETH🔥🔥🔥🔥🔥🔥
#BTC🔥🔥🔥🔥🔥
Fidelity buys 578 $BTC worth $63.7 million💰.
BREAKING
Bitmine Just bought another 4,871 $ETH ($21.28M) and now holds 1,718,770 $ETH $7.65 billion.
#ETH🔥🔥🔥🔥🔥🔥
#BTC🔥🔥🔥🔥🔥
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