- 28.02.2020

How to deposit inr in wazirx tamil

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How to deposit inr in wazirx tamil

Spoke to many people from different domains and finally decided to write this. If history has taught us something in India, it is that government organisations are powerful. Powerful enough to make things difficult for people, like the Banking ban made trading in crypto tad bit difficult.

How to deposit inr in wazirx tamil

Can RBI acquire your Trade history? The join.

How to deposit inr in wazirx tamil

buy bitcoin india 2020 will question to ask is that can RBI, if they want to, acquire the details of the transactions that took place on P2P exchanges in India like the IT department did?

Not just the trade history, RBI can also acquire the bank accounts details of the traders who used these platforms to trade. Link can only do it for the how to deposit inr in wazirx tamil regulated how to deposit inr in wazirx tamil them like banks.

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RBI is not a law enforcement agency, it is a regulator. Danish, a lawyer who regularly shares opinions on Crypto regulations in India says that all RBI was able to do is how to deposit inr in wazirx tamil one door and open another for exchanges to operate freely.

How to deposit inr in wazirx tamil

Since no law prohibits p2p model, no enforcement agency can intervene. The implementation of RBI circular hs returned the cryptospace in the pre-circular era but with a different transaction model.

How to deposit inr in wazirx tamil also shared all the possibilities of trading even after RBI ban. The news is recently being reported by various popular news outlets too. Many members of the community believe that RBI can indirectly influence other agencies to source the exchanges into providing transactional data.

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Exchanges have to comply if its a government body asking how to deposit inr in wazirx tamil it.

Let us go with the worst case scenario and assume somehow RBI is able to gather the transaction and bank accounts details from exchanges.

How to deposit inr in wazirx tamil

What happens then? No one will be penalised, Sethi and many other sources that spoke to Source Crunch believe. The only move they may take is forward the details to respective banks and ask them to close the accounts of these traders.

After-all the RBI diktat includes both businesses and individuals, Entities regulated by the Reserve Bank shall not deal in VCs or provide services for facilitating any person or entity in dealing with or settling VCs.

Multiple how to deposit inr in wazirx tamil have not how to deposit inr in wazirx tamil to a request for comment from coin crunch. A few days later, the committee head and the secretary of Dept. The crypto community is eagerly waiting for a response from the government.

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Giottus is one of the very few exchanges that are still accepting INR deposits and withdrawals. The question is, how to deposit inr in wazirx tamil will the report be shared?

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Despite the hype, not everyone shares the same opinion about regulations. Danish said RBI is being made a scapegoat in the whole scenario.

RBI has been made a scapegoat in this issue.

How to deposit inr in wazirx tamil

Quite frankly. The trader is the safest of all entities right now, that is if you are not laundering money or scamming people. There is no law banning traders from trading.

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How how to deposit inr in wazirx tamil deposit inr in wazirx tamil is circular banning banks from dealing with entities trading crypto. The worst that can happen is your bank will identify the transactions done for cryptocurrency trade and send you a notice of account closure.

Update: We have updated the article with more inputs received from people working in the area.

How to deposit inr in wazirx tamil

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