$ZEC
BREAKING: India SLAMS the Door on Privacy Coins in Sudden Crackdown 🚨
India just fired a warning shot across the crypto market. The country’s Financial Intelligence Unit has ordered all registered exchanges to immediately suspend trading, deposits, and withdrawals for major privacy coins — including Monero, Zcash, and Dash. No grace period. No soft rollout. Just an instant freeze.
This move is part of a broader AML enforcement push, signaling that assets with strong anonymity features are now firmly in regulators’ crosshairs. For traders, the impact is immediate: liquidity dries up, access is cut, and uncertainty spikes overnight. For the wider market, it raises a much bigger question — are privacy coins becoming regulatory outcasts?
India has one of the world’s largest crypto user bases, and when it moves, the ripple effects travel fast. Other jurisdictions will be watching closely.
Is this the start of a global privacy-coin purge, or a localized power play? Sound off — this could reshape the narrative.
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#Crypto #PrivacyCoins #Regulation
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