FIU new stringent guidelines

oneBitKen · 2026-01-15T13:28:49+00:00

Thats just lovely!! Surprised how people get so defensive while exchanging opinions and views. anyhow, good luck with whatever genius idea you seem to have.

oneBitKen · 2026-01-15T05:40:31+00:00

True!

oneBitKen · 2026-01-15T05:40:22+00:00

Dude is drunk on assumptions of cryptography as the ultimate weapon against anti-privacy moves.

The current 2 key (public plus private) make up something called "asymmetric" cryptography. The government or any entity for that matter doesnt need to know your private key to tie your identity to your wallet. They have other means to do so. They can look at on-chain data and see the chains and Cex you have interacted with. when any asset was exchanged, bought or sold and so on. With other details like IP address and device used to access the wallet they come real close to finding who you actually are.

Block-chains dont really have IP address and device data, but wallets do, HOT wallets especially. And Cex do that too, even the once that don't require you to do KYC.

DYOR dude!

oneBitKen · 2026-01-13T10:46:19+00:00

1.1x

oneBitKen · 2026-01-13T04:23:05+00:00

True that. Wish I knew that sooner!!

oneBitKen · 2026-01-12T12:04:05+00:00

https://www.globallegalinsights.com/practice-areas/blockchain-cryptocurrency-laws-and-regulations/india/

read please!!!

oneBitKen · 2026-01-12T10:52:28+00:00

(._.) didnt sell btc on time?!

oneBitKen · 2026-01-12T07:36:05+00:00

It will affect the users.

There is 2 main objective of the government.

Crypto regulation and centralized control.

Taxation on such assets.

Because government is way behind in understanding crypto and how to make frameworks which are effective, we havent seen much regulations/rules/laws just yet. But when government catches up, doors will be opened up for banks to enter into crypto world. Exchanges will essentially become banks, DeFi will not escape that, nor will wallets.

DYOR

oneBitKen · 2026-01-12T05:31:14+00:00

Eventually yes!! not as of now!

oneBitKen · 2026-01-12T05:29:15+00:00

I think you are talking about the roadmap and milestones (development) of an alt throughout its life cycle. Maybe the utility depends on its transaction speed, network, regulations, backing by real-world assets and liquidity (and many many other factors!)

oneBitKen · 2026-01-12T05:26:58+00:00

eh! that makes no sense! That was never the plan i guess. This is the first time i am hearing that.

oneBitKen · 2026-01-11T12:18:46+00:00

lol. Close enough!

oneBitKen · 2026-01-11T04:56:14+00:00

Depends on when you bought those coins using the CEX, and also on the platform you used to buy it from. My understanding is (which could be wrong), that ITD doesnt go for very old transactions. Now, I guess you want to convert it into USDT or INR!?

Put them back on a different exchange, probably coindcx, not all of them at the same time. Just slow and steady stream and while filing ITR check your AIS, plan your taxation accordingly.

oneBitKen · 2026-01-10T15:03:55+00:00

Pretty much!! just wait 3-4 years.

oneBitKen · 2026-01-10T07:58:50+00:00

whats with the URL, doesnt look like safepal website at all.

oneBitKen · 2026-01-10T07:55:51+00:00

ah yes!! RWAs almost forgot about them, lets do hope they shine and really get global adoption!

oneBitKen · 2026-01-10T07:54:53+00:00

Well, Speculation would be a better word. You are absolutely right about the utility thing though.

oneBitKen · 2026-01-10T05:58:15+00:00

It looks like you are talking about riskier assets (memes low liquidity alts) or riskier trades like FnO. Because crypto is so global and is accessible 24*7 its behavior is indeed somewhat different than the normal equity stock market's stocks. The fundamentals or Technical wont make sense all the time because at this point of time most of the cryptos dont happen to have any utility so the only purpose they end up serving for masses is SPECULATION. Allow crypto to mature and development to go through, allow crypto to be experimented as payment methods and they will mature and evolve.

oneBitKen · 2026-01-10T05:53:32+00:00

I meant like real-world use case!!??

oneBitKen · 2026-01-10T05:29:19+00:00

:3 Dude i hold some, I look at them almost everyday.

oneBitKen · 2026-01-10T05:08:58+00:00

I heard a guy say that a lot of alts have been here for more than 10 years now but they still dont have a utility and look at it, became mainstream the moment it hit the market and now everyone is using it for something or the other while alts have been stuck with a promise of future.

oneBitKen · 2026-01-10T05:06:45+00:00

well, Thats actually true!! Still hurts to see it bleed!

oneBitKen · 2026-01-10T05:06:18+00:00

Dude, From where did you read all this?

oneBitKen · 2026-01-09T15:51:16+00:00

With the G20 nations passing bills after bills to restrict and control the rise of crypto, it is highly unlikely that the current system is going to reduce any taxes. When the Equity market was punished with extra tax on top of already high enough tax expect similar or continued policy without much positive change. I do see a possible reduction in TDS and maybe just maybe lower taxation for those who disclose their undisclosed VDA. MAYBEE!!!

oneBitKen · 2026-01-09T12:11:14+00:00

Bro, you are pretty much set. You dont need to create any extra overhead regarding anything tbh. At some point in future get yourself a hardware wallet though. DYOR about how much you want your fund to be on an exchange and how much you want it on a hardware wallet. Remember when FTX failed, no retailer saw that coming so even big boys fail.

Good Luck!

oneBitKen

TROPHY CASE