P2P trader received notice for 7.10 Crores from his bank

[Bitcoin Smith]

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This image is spreading over the social media where the user received the notice from his IOB bank for 7.1crore along with FIR no but not sure the FIR is marked on the person who received this notice or his is just part of the layer.

Just another day in Indian crypto space, government should make the crypto regulations easier so that exchanges can have INR trading pairs that will saves lakhs of traders from losing the bank account along with balance.

[pawanjain]

You're right. Just recently Russia announced that they will be creating crypto regulations framework and capping it to $4k per year.
We also heard about US launching their CLARITY act where they will be setting up crypto regulations so that investors can seek better clarity.
Thus allowing bigger companies to safely invest money in crypto but here we have India doing nothing but raising taxes on everything.
Taxes are increasing day by day whereas the services they provide are decreasing day by day.