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Sudesh Rai

Cryptocurrency Crash

This week some of my friends in cryptocurrency lost money with FTX. The company with 100 billion dollar market cap and 2 billion dollar worth of tokens shut overnight.

Our survey last year was very very instrumental in reducing risk of cryptocurrency for Indians and it even gave direction to the Govt which itself had conflicting views

https://www.localcircles.com/a/press/page/cryptocurrency-survey

I am no expert but it is time to get out of cryptocurrency if u still can. Every central bank in my view will launch their cryptocurrency within the next 5 years and it will crash crypto. Soon it will be the way for dark terror and other transactions and you would want to steer clear to not get on the wrong side of law.

Open to conflicting and agreeable views from all. more  

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76% Indians want cryptocurrency ads on hold till regulations are clear
Cryptocurrency Survey: 54% Indians do not want Government to legalise cryptocurrencies but tax them like a digital asset held abroad; 26% say they should be legalised and then taxed in India
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View all 7 comments Below 7 comments
Mayur C
Cryptocurrencies should be banned. It can not be trustworthy. Why invest in something that is not physical. more  
Nikita Goyal
Crypto is a scam more  
Dipak P.
first thing ? what is Crypto & who is controlling it ? Each Country is having their own currency which is exchange in a trade. The Crypto is nothing but the software controlled money & every body can make it which will disturb whole country world economy. Peoples are beyond to understand. more  
V.S.Murty Maddala
Though I have no knowledge or experience of cryptocurrency, I don’t see the need for it. more  
Pammi Vishnumurty
Crypto is a multi layer (16-20) Graphics card. Buy/ sell like Stocks. Even Blockchain makes it difficult to reverse engineer. more  
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