India Freezes Peter Thiel-Backed Vauld's Crypto and Bank Assets Worth $46 Million – Regulation Bitcoin News

India’s Enforcement Directorate has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore . Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency exchanges.The Enforcement Directorate , a law enforcement and economic intelligence agency of the government of India, has frozen the assets of another cryptocurrency exchange.

Yellow Tune by using the assistance of Flipvolt crypto exchange … assisted the accused fintech companies in avoiding regular banking channels, and managed to easily take out all the fraud money in the form of crypto assets. In addition, Flipvolt failed to give the complete trail of crypto transactions made by Yellow Tune Technologies and could not supply any form of KYC of the opposite party wallets, ED noted.

Therefore, equivalent movable assets to the extent of Rs 367.67 crore lying with Flipvolt crypto exchange in the form of bank and payment gateway balances worth Rs 164.4 crore and crypto assets lying in their pool accounts worth Rs 203.26 crore are frozen under PMLA, 2002, till complete fund trail is provided by the crypto exchange.

These are the reasons why bitcoin is not the future of money, cos governments and the elite wont let it.

I thought India has banned crypto trade in public in 2021 and never looked back like what China did. Their actions on crypto (either bull or bear) actually did not concern the rest of the world. $btc $eth $doge $shib $xrp

Okay, I’m holding on Bitfinex and I’m pretty excited about that.

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Get bitcoin or monero. Nobody will freeze you. India, Canada, EU North Korea, all these dictatorship could freeze your money. Nobody freezes your bitcoin.

Good news

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HEX.COM users unaffected

That's a lot of Rupees

The crypto sector is being hit hard.

Can thiss be done in 5 minutes?

There are people who hide this from everyone so that no one can benefit?

I've been looking for something like this for a long time?

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Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says – Regulation Bitcoin NewsHigh rates of crypto ownership make 'a strong case for regulation,” according to the Australian Securities and Investments Commission. What a weird way to say that they are going to regulate crypto😅 Teach these people how to grow their crypto assets. Tell them the market is really profitable as it goes up or comes down. Their are very good strategies which can get one on profit both ways but very few people know about these strategies. Reach out to me if you wish to learn. LMAO people are exploiting uniswap!
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