Re: Solution for Bank Account frozen by Cyber Police due to P2P Trading (India)

Quote from: UmerIdrees on January 22, 2022, 05:18:23 AM

Quote from: HypeManBoosted on July 14, 2021, 02:55:23 AM

This post is for those people who are innocent and have their bank account frozen due to a debit freeze order from Cyber Police.

I am from Pakistan and we also have the same situation where the government authorities are willing to arrest people who are big dealers in crypto P2P. Is India also facing the same issue and crypto is illegal in India too Sad

I wonder when our governments will understand that crypto is the need of the time and banning will not help anyone. Regulating crypto will not only help people and the governments but the frauds could be minimized too.

AFAIK, cryptocurrencies and cryptocurrency trading in any form is completely legal now but the banks are against it but it was overuled by the SC judgement now many exchanges even working there and depositing fiat from banks. So the only issue is not related with the cryptocurrency it maybe something related to the source of funds and it will take time to move this case legally and even for years in country like India if I am not wrong.