Quote from: HypeManBoosted on June 27, 2023, 03:30:39 PM

Quote from: zasad@ on June 23, 2023, 01:30:58 PM

Quote from: helloshivahere on June 23, 2023, 09:19:04 AM

I am able to unfreeze 3 bank accounts usual way contact lawyer negotiate with police pay something

Police also well aware we are not involved in any activity in fact few cases they are also part of the scam

Its a big business going on in India right now. Hope any one file some PIL some case filed in kerala High court and I am following it with lawyer

https://www.livelaw.in/high-court/all-high-courts/kerala-high-court-unilateral-freezing-bank-accounts-nccrp-portal-complaints-cyber-crime-226886

3 more cases pending 2 of them reached final stage of negotiation have to approach some top officer in ladder

believe its much bigger than we thought . They ae freezing 60-70 accounts in a single complaint and most of them are innocents

CRPC 102 given them power and they misuse . Any one ready to file PIL I am ready to be part of it

I could not read the entire article, because it is paid, but all banks work according to the same laws. If the police demand to block an account because a crime has occurred, then this is legal. Banks can block accounts even without statements from the police, but only because you have a lot of P2P transfers and your activity looks like a commercial one.

I am sure that in your agreement with the bank it is written that you cannot carry out business activities on the account of an individual. And in some European banks, before concluding an agreement, you sign a document that you will not carry out transactions with cryptocurrencies.

The only way to trade is to become a qualified investor, obtain the necessary permits and register as an entrepreneur with a bank.
An example with trading on a P2P site, and then paying income tax from an individual at the end of the year next year will not be legal and there will always be problems.

You can read it here:
https://prnt.sc/TQF3FQonph3x

Thanks, I have read the article. Lawyers want to achieve a more complex procedure for blocking client funds at the bank, but this will also help fraudsters avoid blocking bank accounts.
I don’t know how this lawsuit will end, P2P exchanges also have tax risks, and it’s not clear how your tax authority will calculate the profit from the transaction. The tax authorities will have the right to request documents from you with the seal of the exchange for each P2P exchange. In such a business, problems cannot be avoided; it is easier to trade on decentralized exchanges.