Hello friends... Today I am going to share some issues regarding current prevailing market situation.
India’s Central Bank is worried that its crypto crackdown may backfire.
They need to track virtual currency transactionsgoing opaque... says RBI annual report...
I am sharing a link in which we can see the details regarding current issues prevailing
Developments on this front need to be monitored as some trading may shift from exchanges to peer-to-peer mode, which may also involve increased usage of cash,” the report said. “Possibilities of migration of crypto exchange houses to dark pools/cash and to offshore locations, thus raising concerns on AML/CFT (anti-money laundering/combating the financing of terrorism) and taxation issues, require close watch.”
Kidly check the shared link for further details... and if you like the blog please upvote comment follow and resteem👍👍