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What if cryptocurrency is banned in india

Written by Nihongo Oct 16, 2021 · 10 min read
What if cryptocurrency is banned in india

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Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. However this procedure of exit would come at a cost.

What If Cryptocurrency Is Banned In India. Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. However this procedure of exit would come at a cost.


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However this procedure of exit would come at a cost. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal.

Well in that case you can always send your acquired crypto and get the equivalent INR in your bank.

In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. However this procedure of exit would come at a cost.


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The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. However this procedure of exit would come at a cost. All that said there are some clues to what an Indian crypto ban may trigger. Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally.

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In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank.

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In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. All that said there are some clues to what an Indian crypto ban may trigger. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. However this procedure of exit would come at a cost.

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All that said there are some clues to what an Indian crypto ban may trigger. However this procedure of exit would come at a cost. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban.

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In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. However this procedure of exit would come at a cost. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. All that said there are some clues to what an Indian crypto ban may trigger.

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Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. All that said there are some clues to what an Indian crypto ban may trigger. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. However this procedure of exit would come at a cost.

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Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. All that said there are some clues to what an Indian crypto ban may trigger. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally.

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Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. However this procedure of exit would come at a cost. Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto.

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All that said there are some clues to what an Indian crypto ban may trigger. Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. All that said there are some clues to what an Indian crypto ban may trigger. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal.

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Depending on how many hodlers there actually are in Indiasome estimate around 7 millionand how many choose to comply with the new lawlikely a much lower numberthere could be a short term influx of crypto. All that said there are some clues to what an Indian crypto ban may trigger. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. However this procedure of exit would come at a cost. The foreign exchange cost and penalties would cost you more than the actual exchange fees had there been no ban.

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But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal. In the six months following a banthe timeline proposed by those in the knowIndian crypto holders presumably including companies would have a chance to liquidate their crypto assets legally. Well in that case you can always send your acquired crypto and get the equivalent INR in your bank. All that said there are some clues to what an Indian crypto ban may trigger. But what if you send your cryptos to someone who is not an Indian resident and belongs to a country where crypto is legal.

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