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Peer-to-Peer P2P. Getting started. Buy Crypto. Learn about Cryptocurrency. Buy Crypto in India on Binance. What is P2P trading?
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Despite lack of regulation, India's crypto exchanges deploy certain KYC and anti-money laundering procedures, but loopholes remain in the ecosystem. Find this comment offensive? Exchanges use methods such as penny drop to conduct KYC. If a legitimate user has got crypto from such an address, maybe through peer-to-peer and he or she wants to transact on our exchange, we ask for additional KYC such as source of funds and profession," said Khandelwal. Bitcoin and other cryptos can also be directly traded between users without any intermediary or exchange acting as go-between. Morning Dispatch.
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Abc Large. Cryptocurrency investors may take to peer-to-peer transfer method to dispose of or to continue holding on to their crypto assets in case the government goes ahead with the plan to ban such virtual money, experts and crypto exchanges have told ET.
Several cryptocurrency exchanges have reached out to the government in what is being seen as the last hope to lobby against a complete ban on crypto assets in the country. Cryptocurrencies like Bitcoin are based on blockchain technology that allows peer-to-peer P2P transfer from one wallet to another and one person to another without a banking account or using any other official channel, experts said. Read More News on India Crypto ban crypto ban in india cryptocurrency india cryptocurrency bill india crypto laws bitcoin cryptocurrencies in india.
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. Zillionaire 40 days ago. Bitcoin is shitcoin. If a law is unjust, a man is not only right to disobey it, he is obligated to do so. Even Mahatma Gandhi violated Salt tax law and did civil disobedience movement in Dandi. A man's right to hold property which he bought using his hard-earned money is a fundamental common sense right. If that right is violated a man is obligated to disobey such a draconian law.