Discover and read the best of Twitter Threads about #indiawantscrypto
Most recents (11)
The money of the people, by the people, and for the people shall not vanish from this earth.
Yoon's platform:
- make South Korea a friendly business environment
- attract crypto unicorns
- overhaul crypto regulations
- reduce crypto cap gains
Korean web3 founders, start your engines.
sg.finance.yahoo.com/news/conservat…
- make South Korea a friendly business environment
- attract crypto unicorns
- overhaul crypto regulations
- reduce crypto cap gains
Korean web3 founders, start your engines.
sg.finance.yahoo.com/news/conservat…
Now all we need is for South Korea to follow @nayibbukele's pioneering example, and make Bitcoin an official currency of the Korean state.
Light up another country on this map!
Light up another country on this map!
(1/6)Yet another crypto crash. I have repeatedly talked about these scenarios in my Episodes.
Important to remember now
1. Don’t panic
2. Don’t believe in FUD
3. Stay calm
In future
3. Realize profits
4. Maintain liquidity
5. Keep a portion in stablecoins
#IndiaWantsCrypto
Important to remember now
1. Don’t panic
2. Don’t believe in FUD
3. Stay calm
In future
3. Realize profits
4. Maintain liquidity
5. Keep a portion in stablecoins
#IndiaWantsCrypto
(2/6)
Why this crash today?
Again a number of reasons
News channels spreading FUD in India again for e.g
First they said total ban.
This week it was ruled out by the FM. So what’s the next rumour?
Ban non custodial wallets is the news.
Again unconfirmed at the moment….
Why this crash today?
Again a number of reasons
News channels spreading FUD in India again for e.g
First they said total ban.
This week it was ruled out by the FM. So what’s the next rumour?
Ban non custodial wallets is the news.
Again unconfirmed at the moment….
(3/6)
Non Custodial or DeFi wallets are core to Blockchain. It’s a pillar of the future of Crypto.
Banning it will be draconian.
Simple comparison I can think of
For e.g If You can’t hold gold in your house. All gold should be in bank only?
That’s from democracy perspective..
Non Custodial or DeFi wallets are core to Blockchain. It’s a pillar of the future of Crypto.
Banning it will be draconian.
Simple comparison I can think of
For e.g If You can’t hold gold in your house. All gold should be in bank only?
That’s from democracy perspective..
Day 927
Announcing WRX Airdrop program for users who bought SHIB at exceptionally high price & did not sell.
WazirX is about trust & we have decided to help our users.
We will AIRDROP WRX equivalent to your loss!
Details soon
Plz share & RT #WazirXCares
#IndiaWantsCrypto
Announcing WRX Airdrop program for users who bought SHIB at exceptionally high price & did not sell.
WazirX is about trust & we have decided to help our users.
We will AIRDROP WRX equivalent to your loss!
Details soon
Plz share & RT #WazirXCares
#IndiaWantsCrypto
We will share all details in a blog post soon
Who will be eligible for this WRX Airdrop Program?
1. If you bought SHIB at exceptionally high price & you have never sold that SHIB
2. If you bought SHIB at exceptionally high price & you sold that SHIB after prices normalised
Who will be eligible for this WRX Airdrop Program?
1. If you bought SHIB at exceptionally high price & you have never sold that SHIB
2. If you bought SHIB at exceptionally high price & you sold that SHIB after prices normalised
We will conduct this WRX airdrop program over the next 4 months.
We will airdrop WRX equivalent to 25% of your loss every month for the next 4 months.
We will airdrop WRX equivalent to 25% of your loss every month for the next 4 months.
How would an entrepreneur likely think if he/she/they were elected to run India? 🇮🇳
(A thread)
(A thread)
I strongly believe that by the 2030s we will witness start up personnel take part in politics.
Primarily because the fast progressing youth of this country needs a voice.
And it needs its own leaders.
Make money first, earn clout first...
Then ELEVATE India.
Primarily because the fast progressing youth of this country needs a voice.
And it needs its own leaders.
Make money first, earn clout first...
Then ELEVATE India.
I am non aligned when it comes to politics.
Neither am I for the government in power, neither am I for the opposition (because there is none that is worthy or strong)
Here’s how I believe entrepreneurs would have handled India if they were given the power to do so
Neither am I for the government in power, neither am I for the opposition (because there is none that is worthy or strong)
Here’s how I believe entrepreneurs would have handled India if they were given the power to do so
1/
There’s some confusion in Indian Crypto ecosystem around price of USDT in INR
Please share this tweet thread with everyone around you so they understand too
I only speak for WazirX exchange
- WazirX is an Open Order Book Exchange
- WazirX DOES NOT buy or sell USDT/INR
There’s some confusion in Indian Crypto ecosystem around price of USDT in INR
Please share this tweet thread with everyone around you so they understand too
I only speak for WazirX exchange
- WazirX is an Open Order Book Exchange
- WazirX DOES NOT buy or sell USDT/INR
2/
- ANY user of WazirX can place BUY or SELL orders at the price they think is right
- Our order book will sort the buy orders in the defending by price and sell orders in ascending by price
- Based on the top buy and sell orders by users, the current price is determined
- ANY user of WazirX can place BUY or SELL orders at the price they think is right
- Our order book will sort the buy orders in the defending by price and sell orders in ascending by price
- Based on the top buy and sell orders by users, the current price is determined
3/
Why does USDT get expensive at times?
- USDT gets expensive when there are too many buy orders and not enough supply to sell
Why is there not enough supply?
- The demand for crypto in India is way higher than the amount of crypto in the market
Why does USDT get expensive at times?
- USDT gets expensive when there are too many buy orders and not enough supply to sell
Why is there not enough supply?
- The demand for crypto in India is way higher than the amount of crypto in the market
It was an average day at my hardware wallet startup in India.
I got an SMS from our banking partner ICICI - "Dear customer, RS XXXXXXX has been debited from your account"
Confused, I checked our bank balance. It was zero. From 7 digits to 0
How did this happen?
Time for 🧵
I got an SMS from our banking partner ICICI - "Dear customer, RS XXXXXXX has been debited from your account"
Confused, I checked our bank balance. It was zero. From 7 digits to 0
How did this happen?
Time for 🧵
We are banking with @ICICIBank since we got funded by @TachyonAccel . We've got grants from govt. incubators & orgs like @SINEIITB, @GoI_MeitY & @icreateNextGen.
Yet ICICI debited all our money & closed our bank account for being associated with Crypto. Without any notice 😤
Yet ICICI debited all our money & closed our bank account for being associated with Crypto. Without any notice 😤
I called the folks at ICICI. No one had any information. I had to personally visit the bank.
The manager told our bank a/c is closed on instructions of bank HQ 🤯
Turns out, their risk mgmt team has flagged Cypherock as a suspicious company doing crypto transactions.
The manager told our bank a/c is closed on instructions of bank HQ 🤯
Turns out, their risk mgmt team has flagged Cypherock as a suspicious company doing crypto transactions.
Why the government and traditional media houses in India need crypto-savvy people to help them make more informed choices when policy-making and reporting on #crypto? A rant / thread: (1/29)
(2/29)
Based on the current narratives coming out from government sources and mainstream Indian media, it is likely that there are gaps in understanding the scale and complexity of developments that have happened in crypto after 2017.
Based on the current narratives coming out from government sources and mainstream Indian media, it is likely that there are gaps in understanding the scale and complexity of developments that have happened in crypto after 2017.
(3/29)
Some common refrains that I have been hearing from 2017 till today are - "ponzi", "blockchain-good-crypto-bad", "private currency", "terror funding", "capital flight", "all cryptos are currencies", "Chinese control", "used by criminals", "untraceable",…
Some common refrains that I have been hearing from 2017 till today are - "ponzi", "blockchain-good-crypto-bad", "private currency", "terror funding", "capital flight", "all cryptos are currencies", "Chinese control", "used by criminals", "untraceable",…
Day 822
A few scenarios of the crypto Bill:
1. It may not come up in this session of Parliament
2. It may come up but is referred to a standing committee
3. It may come up and is passed in its current form
Each scenario outcome described in tweets below.
#IndiaWantsCrypto
A few scenarios of the crypto Bill:
1. It may not come up in this session of Parliament
2. It may come up but is referred to a standing committee
3. It may come up and is passed in its current form
Each scenario outcome described in tweets below.
#IndiaWantsCrypto
Scenario 1:
This is the best case scenario right now. Nothing changes, we continue to work towards positive crypto regulations.
We’ll need to push harder on educating our law makers about the pros of regulating crypto. India cannot miss this technology & value creation
This is the best case scenario right now. Nothing changes, we continue to work towards positive crypto regulations.
We’ll need to push harder on educating our law makers about the pros of regulating crypto. India cannot miss this technology & value creation
Scenario 2:
I would consider this a good case scenario.
I’m confident that the standing committee will first hold discussions with the crypto stakeholders.
We’ll make sure we represent the 7 Million crypto holders of India and put the right points forward 💪
I would consider this a good case scenario.
I’m confident that the standing committee will first hold discussions with the crypto stakeholders.
We’ll make sure we represent the 7 Million crypto holders of India and put the right points forward 💪
Crypto Daily 3@3 - 8.21 | EU antitrust on Libra / SEC vs ICO ratings / China vs CEOs on HK w @LeoAW pscp.tv/w/cC2MNDE0Nzc1…
@LeoAW This did *not* fit in the title, but the big underlying theme here - especially on the SEC vs ICO ratings is: INCENTIVES.
It's honestly too easy to limit our lessons from the ICO to "fraudsters" and "scams" when really, the structural failure was around warped incentives.
It's honestly too easy to limit our lessons from the ICO to "fraudsters" and "scams" when really, the structural failure was around warped incentives.
@LeoAW Is there a world in which liquidity from day one can be a net good, rather than simply supercharge those warped incentives?
I'm not sure. But I am pretty sure that question is an important one to ask.
Or maybe it's not because that liquidity is simply a reality of life now?🤷♂️
I'm not sure. But I am pretty sure that question is an important one to ask.
Or maybe it's not because that liquidity is simply a reality of life now?🤷♂️
Crypto Daily 3@3 - 7.23 | Tron Suntroversy // A new Eth dev tax? // #IndiaWantsCrypto pscp.tv/w/cAdR4TE0Nzc1…
IMPORTANT NOTE: I had to record this a little early (about 90 minutes ago) and *AFTER* I had recorded the segment on the Trontroversy, apparently Justin Sun popped up on Periscope in San Francisco
So, obviously this adds a wrinkle to the whole report of him being under Chinese control when it comes to his movements.
I refer you to @HaileyLennonBTC who captures what I think we're all feeling
I refer you to @HaileyLennonBTC who captures what I think we're all feeling
Some Points for Physical letter which we can send to @FinMinIndia Sir @NischalShetty but i don't think its gonna be a Main Points for Letter, it just my Opinion.
#IndiaWantsCrypto
#IndiaWantsCrypto
1. First of all #bitcoin & other #Crypto has Monetary no value if it will not Trade against #Fiat its like Stock Market Shares So, They need to understand their Own power rather than thinking about #Crypto will kill #Fiat & #Banks.
#IndiaWantsCrypto
#IndiaWantsCrypto
2. Declare #Crypto as a Global #Commodity with following all guidelines of #FATF & #Sebi. Collaborate with other Nations & Give Licensing to all Indian Exchanges for work and AML, KYC policies. @Facebook @ICE_Markets @Nasdaq @CMEGroup @ING_news @Samsung @Microsoft working on it .
