Baki sab thik ?ย โขย 1y
๐ช๐ต๐ฎ๐ ๐ช๐ฒ๐ป๐ ๐ช๐ฟ๐ผ๐ป๐ด: ๐ช๐ถ๐๐ต ๐ญ๐ฒ๐ฏ๐ฝ๐ฎ๐?๐ฆ India's crypto king Zebpay, est. in 2014, quickly became India's largest crypto exchange. At its peak, it was handling over $1 billion worth of TXN. Zebpay was a perfect startup with strong leadership and innovative product, But good time didn't last long. So What Went Wrong? โข Regulatory Uncertainty: In April 2018, The RBI prohibited banks from providing any TXN services to ๐ช exchanges. โข Operational Difficulties: The RBI ban meant Zebpay could no longer process TXN. This drastically reduced trading volumes and revenues. โข Lack of Clear Regs: Due to the govts unclear regulations, investors lost confidence in crypto trading. With this came financial strain. Bounce Back: On Sep 28, 2018, Zebpay shutdown its exchange operations in India due to the "extremely difficult" regs. Soon in 2020, the RBI lifted the ban. Zebpay then resumed its ops and now it supports over 100 cryptocurrencies maintaining a signif presence in market๐น
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RBI Increases Gold Purchases The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25. This move aims to diversify its foreign exchange reserves and mitigate revaluation risks, as part of efforts to m
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It is reported that by the end of 2024, China may lift the ban on Bitcoin. The ban on exchanges came into effect in China in 2017. In 2021, the country also prohibited Bitcoin trading and mining. The potential lifting of this ban could ignite the ma
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"RBI Lifts 7-Month Ban on JM Financial Services, Allowing Financing Against Shares and Debentures" Following the RBI's decision to lift restrictions after seven months, JM Financial Services can now resume offering financing against shares and deben
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