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Artificial Intelligence-related crypto assets recorded impressive gains following a surge in the Nvidia stock price.
Nvidia Corp stock rose by 8.15% on Sept. 11, closing the day at $116.91. The company’s market cap reached $2.86 trillion, according to data provided by MarketWatch. Nvidia has recorded a 142.7% rally this year so far.
Following Nvidia’s bullish momentum, AI-focused cryptocurrencies witnessed a 0.3% rise over the past day. According to data from CoinGecko, the total market cap for AI tokens is currently hovering at $23.46 billion with a daily trading volume of $1.5 billion.
$USDC

India’s Financial Intelligence Unit is looking to recoup at least $345 million in goods and services tax from 7 seven foreign cryptocurrency exchanges that operated in the nation.
Sources familiar with the matter told the Economic Times that India’s anti-money laundering body is ready to hear the petitions of the exchanges—Bitfinex, MEXC Global, Kraken, Huobi, Gate.io, Bittrex, and Bitstamp—which were barred from offering their services following show-cause notices sent by the regulator.
The hearing will be held sometime this week where these companies will present their cases for resuming operations in India by demonstrating their willingness to comply with India’s Prevention of Money Laundering Act as a reporting entity.
Compliance challenges and GST liabilities loom large
As a reporting entity these exchanges are required to conduct strict customer due diligence processes and report suspicious activity, but just adhering to these requirements won’t be enough to secure a re-entry into one of the world’s fastest-growing crypto economies, which ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, showing increased usage of centralized exchanges.
The source added that exchanges will also be required to pay a fine, the amount of which will be determined based on their submissions to the regulator. Further, the regulator expects to collect approximately inr 2,900 crores (roughly $345.09 million) in GST from the seven trading platforms.
The GST is a comprehensive indirect tax imposed on the production, sale, and consumption of goods and services across India. Any foreign entity operating within India’s borders is required to register under the GST framework and pay the applicable tax when offering services to Indian customers.

Ethereum Price Prediction: Navigating the Next Bull Run
As Ethereum, the second-largest cryptocurrency by market capitalization, continues to evolve, investors and enthusiasts are eagerly anticipating the next bull run. With its extensive ecosystem, including decentralized applications (dApps), smart contracts, and decentralized finance (DeFi) platforms, Ethereum remains a cornerstone of the blockchain world. As we look ahead, what factors might shape Ethereum's price during the next bull market, and what could the future hold?
Historical Context
Ethereum’s journey has been nothing short of remarkable. Launched in 2015, the platform quickly established itself as a foundational technology for the burgeoning blockchain industry. Its price history has been characterized by significant volatility, punctuated by dramatic surges during bull runs. In 2017, Ethereum's price soared from around $8 to over $1,000, and in 2021, it surpassed $4,000 before eventually correcting. Each bull run has been driven by a combination of technological advancements, market sentiment, and macroeconomic factors.
Key Drivers for the Next Bull Run
1. Ethereum 2.0 and Scalability
One of the most anticipated developments is Ethereum 2.0, a multi-phase upgrade aimed at enhancing the network's scalability, security, and sustainability. Transitioning from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus mechanism, Ethereum 2.0 promises to increase transaction throughput and reduce gas fees, addressing some of the most pressing issues that have plagued the network. Successful implementation of these upgrades could drive significant demand and investment.
2. Decentralized Finance (DeFi) Expansion
The DeFi sector has experienced explosive growth, with Ethereum serving as the backbone for a myriad of decentralized financial applications. Innovations within DeFi, such as decentralized exchanges (DEXs), lending platforms, and yield farming, continue to attract capital and users. As DeFi evolves and gains broader acceptance, Ethereum stands to benefit from increased usage and transaction volume.
3. Institutional Adoption
Institutional interest in Ethereum is on the rise. Major financial institutions and corporations are exploring ways to integrate Ethereum into their operations or investment strategies. This trend could bring greater legitimacy and stability to Ethereum’s market, potentially driving its price higher as more institutions adopt or invest in the platform.
4. Regulatory Environment
The regulatory landscape is another crucial factor. While clear and favorable regulations could bolster confidence and attract more investors, stringent regulations or crackdowns could have the opposite effect. The evolving regulatory environment will likely play a significant role in shaping Ethereum's future price trajectory.
5. Global Economic Conditions
Macro-economic factors such as inflation, interest rates, and global economic stability can influence cryptocurrency markets. Ethereum’s price could be affected by broader economic trends, including investor sentiment towards risk assets and shifts in traditional financial markets.
Price Predictions: What to Expect
While precise predictions are inherently speculative, various analysts and models offer insights into potential price ranges for Ethereum during the next bull run. Some optimistic forecasts suggest Ethereum could surpass its previous highs, with predictions ranging from $10,000 to $15,000 or even higher. These projections are often based on assumptions of continued technological progress, adoption, and favorable market conditions.
Conversely, more conservative estimates might place Ethereum in the range of $5,000 to $8,000. These predictions typically account for potential regulatory challenges, slower-than-expected technological advancements, or broader market volatility.
Conclusion
As Ethereum stands on the brink of its next bull run, the future looks promising but uncertain. Factors such as technological upgrades, DeFi growth, institutional adoption, and regulatory developments will play pivotal roles in shaping its price trajectory. Investors should approach predictions with caution, keeping in mind the inherent volatility of cryptocurrency markets. Staying informed and conducting thorough research will be key to navigating Ethereum’s evolving landscape and capitalizing on its potential.
In the end, Ethereum’s journey is as much about technological innovation and adoption as it is about price movements. As the network continues to evolve, it will undoubtedly play a central role in the future of blockchain technology and decentralized finance.
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Identifying the next crypto trends involves a mix of research, analysis, and staying updated on industry developments. Here are some strategies to help you spot emerging trends:
1. Follow Industry News: Stay updated with news from reputable sources like CoinDesk, CoinTelegraph, and industry blogs. Major announcements, regulatory changes, and technological advancements can signal upcoming trends.
2. Monitor Social Media and Forums: Platforms like Twitter, Reddit (especially r/cryptocurrency and r/Bitcoin), and Telegram groups often discuss emerging trends and new projects. Pay attention to the sentiment and discussions among enthusiasts and experts.
3. Track Investment Flows: Observe where venture capitalists and institutional investors are putting their money. Large investments in specific areas or projects can indicate potential growth trends.
4. Analyze Market Data: Use tools like CoinMarketCap, CoinGecko, and TradingView to analyze market data. Look for patterns, trading volumes, and price movements that could indicate emerging trends.
5. Research New Technologies: Stay informed about advancements in blockchain technology, such as improvements in scalability, security, and privacy. Innovations in these areas often lead to new trends.
6. Watch Developer Activity: Active development on GitHub or other code repositories can be a positive sign for a project's future. High developer activity often indicates a strong commitment to the project.
7. Join Crypto Communities: Engage with communities on platforms like Discord or specialized crypto forums. Discussions in these spaces can provide insights into upcoming trends and new projects.
8. Evaluate Market Sentiment: Tools like Google Trends and sentiment analysis tools can gauge public interest and sentiment around specific cryptocurrencies or blockchain technologies.
9. Participate in AMAs and Conferences: Attend Ask Me Anything (AMA) sessions, webinars, and conferences to hear directly from project founders and industry leaders about upcoming innovations and trends.
By combining these approaches, you can develop a more comprehensive view of where the crypto market is headed and identify potential trends early.

Making millions in the next crypto bull run involves high risk and careful strategy. Here are some steps to consider:
1. **Research**: Study market trends, technologies, and projects. Focus on promising projects with strong fundamentals and real-world use cases.
2. **Diversification**: Don’t put all your funds into one asset. Diversify across different cryptocurrencies and blockchain projects to spread risk.
3. **Investment Strategy**: Develop a clear investment strategy, including entry and exit points. Consider dollar-cost averaging to manage volatility.
4. **Risk Management**: Set stop-loss orders and only invest what you can afford to lose. Manage your risk to protect your capital.
5. **Stay Updated**: Follow news and developments in the crypto space. Market conditions can change rapidly.
6. **Long-term Vision**: While short-term gains can be tempting, having a long-term vision can be more rewarding. Hold onto strong assets that are likely to grow over time.
7. **Avoid FOMO**: Fear of missing out can lead to impulsive decisions. Stick to your strategy and avoid chasing the market.
Remember, investing in crypto is highly speculative and can lead to significant financial loss. It’s crucial to do thorough research and consider consulting with a financial advisor.
$BTC $ETH $SOL #USNonFarmPayrollReport #TON #DOGSONBINANCE #TelegramCEO #BNBChainMemecoins

The timing and nature of the next bull run in the cryptocurrency market are speculative and influenced by multiple factors:
1. Historical Cycles: Historically, crypto markets have experienced cyclical bull and bear phases. Previous bull runs often followed significant technological milestones or broader market recoveries. However, past performance is not necessarily indicative of future results.
2. Market Sentiment: Positive news, increased adoption, and investor interest can drive bull runs. Sentiment can shift quickly based on developments in the crypto space, such as new projects, partnerships, or institutional investments.
3. Technological Advances: Major upgrades or innovations in blockchain technology, such as Ethereum's transition to Ethereum 2.0 or advancements in scalability solutions, can stimulate bullish behavior.
4. Regulatory Environment: Positive regulatory developments or clarity can boost investor confidence, while regulatory uncertainty or crackdowns might suppress market enthusiasm.
5. Macroeconomic Factors: Broader economic conditions, such as inflation, interest rates, and global financial stability, can impact investor behavior and contribute to a crypto bull run.
While it's difficult to predict exactly when the next bull run will occur, staying informed about these factors and following market trends can help#TON you gauge potential opportunities. Always exercise caution and conduct thorough research before making investment decisions.#USNonFarmPayrollReport

When looking at the journey of the Shiba Inu specifically in 2020, we can focus on three key aspects:1. The Launch of Shiba Inu Coin (SHIB):August 2020: A mysterious figure named Ryoshi launches SHIB, an ERC-20 token on the Ethereum blockchain, inspired by the Shiba Inu dog breed and Dogecoin.Unique approach: Unlike Dogecoin, SHIB has a vast supply of over 589 trillion tokens, making it affordable for retail investors.Early adoption: SHIB gains traction within the cryptocurrency community, attracting early investors and fostering a strong online presence.2. Rise to Prominence:May 2021: Vitalik Buterin, co-founder of Ethereum, receives 50% of SHIB's total supply. Buterin donates a significant portion of these tokens to an Indian Covid-19 relief charity, boosting SHIB's visibility and value.Elon Musk's influence: Elon Musk's support for Dogecoin indirectly benefits SHIB, as investors associate both coins with the "meme coin" phenomenon.Social media buzz: SHIB experiences a meteoric rise in popularity thanks to viral social media campaigns and online communities. This surge drives the token's price to unprecedented highs.3. Establishing an Ecosystem:July 2021: The ShibaSwap decentralized exchange (DEX) launches, allowing SHIB holders to swap tokens, earn rewards, and participate in the ecosystem's governance.October 2021: The Shiboshi NFT project is launched, further expanding the SHIB ecosystem and diversifying its offerings.February 2022: DoggyDAO, a decentralized autonomous organization (DAO), launches to govern the future of the Shiba Inu ecosystem.Ongoing development: The Shiba Inu team continues to work on various initiatives, including the Shibarium layer-2 scaling solution and the Shiba Metaverse project.2020 was a pivotal year for Shiba Inu, marking its entry into the cryptocurrency market and laying the foundation for its future growth. The year witnessed remarkable gains in popularity, value, and community engagement, solidifying SHIB's position as a major player in the meme coin space.However, it's important to remember that the journey of Shiba Inu is far from over. The year 2023 saw further developments, including the launch of Shibarium PuppyNet and the highly anticipated Shibarium mainnet. As the project continues to evolve, it will be interesting to see how the Shiba Inu navigates the ever-changing landscape of the cryptocurrency world and what the future holds for this unique and fascinating project.

Altcoins futures took a hit Monday as sudden volatility liquidated both longs and shorts, causing unusually high liquidations on some lesser-known tokens.high liquidations on some altcoin futures led by Big Time’s BIGTIME and Ordi Protocol’s ORDI tokens created over $250 million in total Altcoin liquidation in the past 24 hours, showcasing the inherent and sudden volatility of the sector.Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).These figures were without the liquidations of futures trading bitcoin $BTC and ether $ETH which topped the charts at a cumulative $85 million in evaporated bets.Some $15 million in ORDI bets were liquidated, followed by $12 million on BIGTIME. These consisted of both longs, or bets on higher prices, and shorts, or bets against. Prices of both these tokens whipsawed in the past 24 hours, impacting traders on either side.Demand for Bitcoin-linked tokens has created hype for ORDI, which is tied to Bitcoin’s ecosystem – with the tokens gaining 580% in the past month. Meanwhile, an ongoing narrative for crypto gaming platforms has benefited BIGTIME holders, who have gained nearly 400% since the start of November.Traders of Celestia’s TIA and Memeland’s MEME – both tokens were issued last month – lost some $10 million.Elsewhere, bets on tokens tied to Terra’s once-titan ecosystem soured, with traders of LUNC, USTC and LUNA losing some $11 million. Prices of these tokens surged up to 70% on Monday on various catalysts

Earning $100 daily in crypto requires significant effort, skill, and risk tolerance. Here are some methods you can consider:Active Trading:Day trading: Aims for small profits from short-term price movements. Requires substantial technical analysis skills and managing volatility.Swing trading: Holds positions for days or weeks, seeking larger price swings. Still demands market analysis.Scalping: Executes numerous small trades within a short period. Requires quick decision-making and advanced technical skills.Arbitrage: Purchases a cryptocurrency cheaper on one exchange and sells it higher on another. Demands fast action and market awareness.Leveraged trading: Amplifies gains and losses. Only suitable for experienced traders with robust risk management strategies.Bot trading: Utilizes automated bots to execute trades based on predetermined strategies. Choose bots with caution and monitor performance closely.Passive Strategies:Staking: Holds specific cryptocurrencies and earns passive rewards. Research associated risks and choose reputable platforms.Yield farming: Invests in liquidity pools and earns interest on holdings. Be aware of impermanent loss risks.Auto-investing: Sets recurring purchases of specific cryptocurrencies to benefit from long-term growth. Requires careful asset selection.Additional Strategies:Crypto lending: Loans your crypto to others and earns interest. Choose reputable lending platforms and understand the risks involved.Play-to-earn games: Earns cryptocurrency rewards by playing games. Requires time commitment and research into reputable games.Blogging and content creation: Creates educational or entertaining content about crypto and earns income through advertising or sponsorships. Demands knowledge, creativity, and consistent effort.Affiliate marketing: Promotes crypto products and services and earns commissions for each sale. Requires a strong network and effective marketing skills.General Tips:Start small: Don't invest more than you can afford to lose.Diversify: Spread your investments across different cryptocurrencies and strategies.Do your own research: Learn about the crypto market and different earning methods.Manage risk: Use stop-loss orders and limit exposure to volatile assets.Be patient: Building wealth through crypto takes time and consistent effort.Important Disclaimer:Cryptocurrency markets are highly volatile and involve significant risks.Earning $100 daily is not guaranteed, and you may lose money.Consider your financial situation, risk tolerance, and knowledge before investing in crypto.Consult with a financial advisor before making any investment decisio

.@elonmusk’s X-linked artificial intelligence modeler xAI has an agreement for the private sale of $865.3 million in unregistered equity securities, according to a filing with the United States Securities and Exchange Commission made on Dec. 5.

Here are the top 5 new cryptocurrencies in December 2023, based on their potential for growth and innovation:IMX (Immutable X) - IMX is a layer-2 scaling solution for Ethereum that enables gas-free NFT trading and minting. It has already attracted major partnerships with GameStop and Nifty Gateway, and it has the potential to revolutionize the NFT gaming industry.Tamadoge (TAMA) - Tamadoge is a play-to-earn meme coin that combines Dogecoin's meme-ability with the playability of Tamagotchi. It has a strong community and a unique play-to-earn ecosystem that could make it a popular choice among gamers.Fight Out (FGHT) - Fight Out is a move-to-earn (M2E) platform that rewards users for their physical activity. It uses a combination of wearable technology and blockchain to track users' workouts and award them with its native token, FGHT.RobotEra (TARO) - RobotEra is a metaverse platform where players can create, own, and monetize virtual land and assets. It has a unique play-and-earn economy and a strong focus on community building.Calvaria (RIA) - Calvaria is a play-to-earn (P2E) battle card game that combines traditional trading card game mechanics with blockchain technology. It has a strong focus on strategy and competition, and it has the potential to attract a large player base.Please note that this is not an exhaustive list, and there are many other promising new cryptocurrencies on the market. It is important to do your own research before investing in any cryptocurrency.

In the realm of finance, stories of rags-to-riches are often dismissed as mere anecdotes, outliers in a sea of conventional investments. However, the tale of Shiba Inu, a meme-inspired cryptocurrency, stands as a testament to the potential for extraordinary gains, even with seemingly insignificant investments.In 2020, amidst the global pandemic, a young aspiring entrepreneur named Sarah stumbled upon a peculiar cryptocurrency called Shiba Inu (SHIB). Initially skeptical, she was intrigued by its meme-based origins and its low price point, trading at a mere $0.0000000005. With a surge of curiosity and a hint of optimism, Sarah decided to invest a modest sum of $100 into SHIB, a decision that would forever alter her financial trajectory.A Rollercoaster RideSarah's investment in SHIB marked the beginning of an exhilarating rollercoaster ride. The cryptocurrency's value fluctuated wildly, testing her resolve and patience. There were moments of despair as SHIB's price plunged, seemingly defying all logic. Yet, Sarah remained steadfast, her belief in the long-term potential of SHIB unwavering.The Turning PointIn 2021, the tide began to turn. SHIB's popularity soared, fueled by social media hype and the endorsement of influential figures. As more investors flocked to the cryptocurrency, its value skyrocketed, reaching an all-time high of $0.00008817 in May.From Humble Beginnings to Financial FreedomSarah's initial $100 investment had transformed into a staggering $88,170, a return of over 88,000%. This remarkable gain propelled her from financial hardship to a life of abundance, enabling her to pursue her dreams and aspirations without the constraints of financial limitations.A Testament to the Power of Unconventional InvestmentsSarah's story serves as a powerful reminder that the world of finance is not confined to traditional investments. Embracing unconventional opportunities, such as meme-inspired cryptocurrencies, can lead to extraordinary outcomes. While not every such venture will yield similar results, SHIB's meteoric rise underscores the potential for immense rewards.A Lesson in Patience and Risk ManagementSarah's journey also highlights the importance of patience and risk management. Navigating the volatile world of cryptocurrencies requires resilience in the face of fluctuating prices and a measured approach to risk. While the potential for gains is immense, so is the possibility of significant losses.ConclusionInvesting $100 in Shiba Inu in 2020 proved to be a life-changing decision for Sarah. Her story serves as an inspiration to aspiring investors, demonstrating the transformative power of unconventional investments. However, it is crucial to approach such ventures with caution, understanding the inherent risks and exercising sound financial judgment.

David was a struggling young man living in a small apartment, working long hours for a meager salary. He was constantly worried about making ends meet, barely able to afford basic necessities. His life seemed like an endless cycle of work, eat, and sleep, with no hope of ever breaking free.One day, while browsing the internet, David stumbled upon an article about Bitcoin, a new digital currency that was making waves in the financial world. Intrigued, he began to research further, learning about the blockchain technology that powered Bitcoin and its potential to revolutionize the way we handle money.David was fascinated by the possibilities of Bitcoin, seeing it as a way to escape his financial struggles. He started investing small amounts of money into Bitcoin, carefully studying the market and making informed decisions.As the value of Bitcoin rose, David's investments grew, and he began to see a light at the end of the tunnel. He was able to quit his job and focus on trading Bitcoin full-time, dedicating himself to learning everything he could about the cryptocurrency market.Over the next few years, David's hard work and dedication paid off. He became a successful Bitcoin trader, amassing a fortune that allowed him to live a comfortable life. He moved into a luxurious apartment, bought a sports car, and traveled the world.David never forgot his humble beginnings, and he used his wealth to help others. He donated to charities, supported entrepreneurs, and provided financial assistance to those in need. He became a role model for others, proving that it is possible to achieve financial success through hard work, dedication, and a willingness to take risks.David's story is a testament to the power of cryptocurrencies to change lives. It shows that anyone, regardless of their background, can achieve financial freedom if they are willing to take a chance and believe in themselves.#BinanceTrends

I still remember that moment I had $100 for that last bull but story in short that I will tell you later how I made $1 million just $1001. Understanding the Bitcoin Halving: the Bitcoin halving is a pre-programmed event that occurs approximately every four years, where the reward for mining new blocks is halved. This effectively reduces the rate at which new Bitcoins are created and earned by miners. Historically, halvings have been associated with significant price rallies.2. Market Analysis and Historical Trends: analyzing previous bull runs, especially those following halving events, can provide valuable insights. Historically, Bitcoin has experienced price surges after each halving, though other market factors can also influence its trajectory.3. Diversify Your Investment: while Bitcoin is the primary focus during a bull run, other cryptocurrencies can also experience significant gains. Diversifying your portfolio can help mitigate risks and capture potential gains from other promising cryptocurrencies.4. Stay Updated with Global Regulations: as the crypto industry evolves, so do regulations. Staying informed about global regulatory changes can help investors navigate potential challenges and make informed decisions.5. Secure Your Investments: with increased interest in Bitcoin, there’s also an increased risk of cyber threats. Ensure that your investments are secured using hardware wallets, two-factor authentication, and other security measures.Thank you for reading article. I hope you have a wonderful day. If you'd like to leave a tip, you can do so here 🙂🙂🙂

“I bought a Bentley” — Javed Khan, traderJaved Khan’s investment success began by accident. In 2018, when bitcoin’s price was around $3,000, he was using bitcoin as a method to transfer money because it was easier than using a bank. But whenever he left the bitcoin sitting in his wallet, the price would go up. He saw an opportunity.Whenever the bitcoin price fell and it was quiet, we would buy more bitcoin. “When nobody’s talking about bitcoin, there’s no headlines, that’s a good time to buy.” He was careful not to extend himself, only investing money he could afford to lose.In 2021, he cashed in his profits and bought a Bentley. “I sent a video from the showroom to my mum and she cried, she was really proud.”A heartfelt expression of thanks, accompanied by a tip, is a true act of generosity.

While turning $100 into millions with cryptocurrency is possible, it's highly improbable and involves immense risk. I wouldn't recommend it as a viable strategy. However, I can explore some hypothetical scenarios where you might achieve this, emphasizing the extreme volatility and risk involved.Scenario 1: The Lucky Long Shot:Pick a hidden gem: Find an unknown cryptocurrency with a revolutionary project and minimal track record. This is like finding a lottery ticket, requiring extensive research and a healthy dose of luck.Invest early and hold: Get in before anyone else catches on, ideally during the initial coin offering (ICO) or presale. This means navigating unregulated and potentially fraudulent environments.Hit a moonshot: The project explodes in popularity, driving the price up thousands of times. This is extremely rare and depends on various unpredictable factors beyond your control.Sell at the peak: Time your exit perfectly, cashing out before the inevitable bubble bursts. This requires anticipating market sentiment, a skill honed through experience and often learned through painful losses.Scenario 2: The Trading Prodigy:Master technical analysis: Learn to predict price movements by studying charts and indicators. This requires dedication, discipline, and a natural aptitude for analyzing complex data.Day trade aggressively: Employ high-risk strategies like margin trading and leverage to amplify potential gains. This exposes you to massive potential losses as well.Consistently outperform the market: Achieve an almost mythical success rate, making profitable trades day after day. This requires exceptional skill, mental fortitude, and a bit of luck.Compound your profits: Re-invest your earnings into new trades, snowballing your capital over time. This strategy amplifies both gains and losses, making it a double-edged sword.Scenario 3: The Crypto Influencer:Build a massive following: Become a trusted authority figure in the crypto space, amassing millions of followers on social media and YouTube. This requires charisma, communication skills, and a knack for creating engaging content.Promote promising projects: Partner with early-stage crypto ventures, shilling their tokens to your audience. This requires careful selection to avoid scams and maintain your credibility.Receive hefty compensation: Negotiate lucrative deals with projects, earning a percentage of the tokens sold through your influence. This depends on your negotiation skills and the project's success.Hold onto appreciating tokens: Invest a portion of your earnings in promoted projects, potentially benefiting from their long-term growth. This ties your success to the projects you choose, adding another layer of risk.

India’s Financial Intelligence Unit has officially registered 28 Virtual Digital Assets and crypto service providers.The news comes as confirmed by Pankaj Chaudhary, the Minister of State for Finance, in a parliamentary discourse.This move also follows the Indian Finance Ministry’s March mandate, requiring crypto businesses to align with the Financial Intelligence Unit, an entity pivotal in combating money laundering. The directive necessitates these businesses to adhere to the Prevention of Money Laundering Act (PMLA), mandating stringent verification processes like Know Your Customer protocols.