What If Crypto Ban in India ?
Well, there were lot of speculation happening around crypto regulation in India. At first the news came out that, crypto are getting banned, and today the true picture comes out that Government of India is putting forward crypto regulation law in the upcoming winter season. There is already a panic situation in crypto investors, resulting USDT/INR prices falling down to Rs.61. There is nothing clear as far as the regulation content and other stuff. However, what if Cryptos are banned in India ?
I know many people would press the panic button and try to sell their holding. Rather I would prefer to keep my holding safe. The FUD could anytime get clear in future. Might it get government nod of acceptance. There will be three possibility of me doing with my Crypto.
Firstly, I will keep all my holding safe in a Ledger wallet.
Secondslly , To move all my holding to any defi exchange.
Thirdly, To keep all my existing balance into Trust wallet.
These are three possibility of keeping the crypto safe. Only when uou have nonintent to sell them. Unless and untill you are not in urgent need to money, I would prefer to keep them safe.
What else could we do to our crypto Holding, in case the Ban comes into place.??
Peace
Namaste @steemflow
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yes, I did notice that to0 and get earn a good profit by the dump 🤑. it is now pumping now it is at ₹74.70 according to wazirx
I hope things will be good for all the investors I am not going to sell 👍
How do you think they would enforce such a ban, if the people were to transact directly for goods and services with crypto?