๐จ $ZEC BREAKING โ INDIA SLAMS THE DOOR ON PRIVACY COINS ๐
India just dropped a major shockwave across the crypto market ๐ฎ๐ณโ ๏ธ
The Financial Intelligence Unit (FIU) has ordered all registered exchanges to immediately suspend trading, deposits, and withdrawals for top privacy coins โ including Monero ($XMR), Zcash ($ZEC), and Dash ($DASH).
โ No grace period
โ No phased rollout
โฑ๏ธ Instant freeze
๐ง Whatโs really happening:
This is part of a broader AML enforcement push, making it clear that strong anonymity features are now directly in regulatorsโ crosshairs ๐ฏ
๐ Immediate impact for traders:
โข Liquidity dries up
โข Access gets cut overnight
โข Uncertainty spikes fast
๐ Bigger picture:
India has one of the largest crypto user bases in the world. When it moves, global markets pay attention ๐
Other jurisdictions will be watching closely โ this could set a dangerous precedent for privacy-focused assets.
โ The real question:
Is this the start of a global privacy-coin purgeโฆ
or just a localized regulatory power play?
Sound off below ๐ This move could reshape the entire privacy-coin narrative.