All the fuss about CRYPTO BAN in India!

- A thread 🧵 (1/8)

#CryptocurrencyNews #cryptocurrecy #cryptoban #cryptobanindia
Today's morning, all major cryptocurrencies saw a fall of around 15 % or more, with Bitcoin down over 17 %, Ethereum falling by close to 15 %, and Tether down by almost 18%. (2/8)
#CoinDCX #WazirX
'Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, seeks to ban all private cryptocurrencies in India with certain exceptions and is also looking to make a framework for the official digital currency that the Reserve Bank of India will issue. (3/8)
India is one of the biggest cryptocurrency markets in the world has more than 10 crore crypto owners. While homegrown crypto exchange platforms have maintained that around 2 crore Indians have invested in cryptocurrencies. (4/8)
The government is looking to discourage trading in cryptocurrencies by imposing hefty capital gains and other taxes. (5/8)
Bitcoin, Ethereum and many other crypto tokens are based on public blockchain networks, meaning transactions made using the networks are traceable while still providing a degree of anonymity to users. (6/8)
On the other side, private cryptocurrencies could refer to Monero, Dash, ZCash and others, which, built on public blockchains, obscure the transaction information to offer privacy to users. (7/8)
These private cryptos take care of two aspects - anonymity and untraceability. The first to hide the identity behind a transaction, while untraceability makes it virtually impossible for third parties to follow the trail of transactions. (8/8)

So, what is your take on it?

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More from @Finology_Quest

23 Nov
Bata is an Indian brand, right?

Well, it does sound so! But how old were you when you realised that, BATA IS NOT AT ALL AN INDIAN BRAND!

- A Desi brand check ✌️
Well, you’re not alone. Here’s why. 🧵 (1/7)

#StockMarketindia #stock #StockMarket Image
The Bata Shoe Organization was founded in August 1894 by Tomas Bata, in Zlín, a small town in the erstwhile nation Czech Republic
It has 3 business units:
- Bata Europe, based in Italy
- Bata Emerging Market, based in Singapore
- Bata Protective, based in the Netherlands (2/7)
Bata entered the Indian market in 1931, in Kolkata. At that time, retail stores were not a concept in India & Bata primarily did its marketing through word-of-mouth and merchandising through point of sale. (3/7)
Read 8 tweets

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