Folks, please get off of Indian crypto exchanges - hearing there’s about to be a fund seize
I think this is CoinSwitch Kuber and WazirX, but I could be wrong. But to be safe, if you have money there, you should leave. If anybody has figured a good way to do this process, can you please share as well?
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Unfortunately don’t have a lot of details On the fund seize, heard it from a friend who is deep in the Web3 community and somebody I trust
On why I posted this here today - over the last 3 to 6 months I’ve heard from at least 2-3 people (VCs, Investors etc) that Indian exchanges might be under duress
Came here and wrote this because it’s money, and just in case this is true, hope we all park it somewhere safe
Can you be please a little more clear? Or tell your source?
@pareshan heard from friends who are deep in the Web3 space as VCs and investors
But honestly don’t have more clarity myself, and could definitely be wrong here. But have personally moved my money away and just wanted to share here in case it ends up being true (given I trust my sources)
Oh thanks.
So basically government 'may' seize the funds of current Indian crypto platforms, thereby holding our investments as well right?
If true, this has to be some BS launch of rupee coin. Tracking every penny of everyone to prevent tax evasion.
I'm not sure how I feel about it.
Need @FrailBlack93 here ASAP.
This is not true, looks like a rumor
Following, why do you say so? When you say fund seize, do you mean their assets will be frozen? By whom? Indian government? Why?
Tell us more? What exactly is a fund seize?
Is this true?
@FrailBlack93