Crypto Currencies and India RBI rule, and about IQ Option

Forex Trading Tutorial Videos about Technical Analysis, Fibonacci Formula, Popular Indicators, Robot and usage of Basic Tools. We provide 99% successive signals for profitable trading result in end of the month. Free Forex Trading Account Register Click Register it
Post Reply
User avatar
Site Admin
Posts: 11513
Joined: Sun Mar 04, 2012 1:17 am
Cash on hand: Locked

Crypto Currencies and India RBI rule, and about IQ Option

Post by ஆதித்தன் » Fri Apr 06, 2018 7:53 am

India goes hard after crypto's today.

Reserve Bank of India (RBI) announced in a press releasetoday, April 5, 2018, that it is banning banks and regulated financial entities from dealing with digital currencies.
“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling [virtual currencies],” India’s central bank said.
What this means is that banks will no longer be able to transfer money to a crypto wallet or to an exchange. Regulated entities already providing such services will have three months to wind down their cryptocurrency-related operations, RBI Deputy Governor BP Kanungo told reporters at a media briefing on Thursday.
At the same time, India has not given up on the idea of issuing a virtual currency of its own. "While many central banks are still engaged in the debate, an inter-departmental group has been constituted by the Reserve Bank to study and provide guidance on the desirability and feasibility to introduce a central bank digital currency,” the central bank said, adding that a report would be ready in June 2018.
The RBI has been highly critical of cryptocurrencies including bitcoin in the past. On three occasions, the central bank has cautioned holders and traders against the risks of using virtual currencies. RBI issued its first warning in December 2013, a second in February 2017 and the most recent in December 2017.
India, a fiat-reliant country, began tightening the noose on cryptocurrencies in 2018 in an effort to prevent money laundering, sponsorship of terrorism and tax evasion. In January 2018, India’s Finance Minister Arun Jaitley told the Indian parliament, “Bitcoins or such cryptocurrencies are not legal tender and those indulging in such transactions are doing it at their own risk.” ... urrencies/

Also, Google and Facebook strict to control crypto currency ads and Option trading ads, So No More IQ Option, but they (IQ) planned new product for attracting client through Google & Facebook traffic. In Same Crypto Currency Investors also try new product to steal peoples money.

Are u know, yesterday one more person arrested in Thailand for 300 $ million worth of Indian peoples Bitcoin scammed by Monthly Return program.

News : Infamous Indian Crypto Criminal Amit Bhardwaj Arrested in Bangkok ... d-bangkok/

IQ Option News :

ESMA to prohibit options and restrict CFDs

the ESMA has recently issued a press release confirming its decision to prohibit binary and digital options and impose restrictions on CFDs. You may recall ESMA’s original proposals being made back in December, when we had mentioned that such changes in regulations were to be expected. While options will be banned altogether, CFDs will face the following restrictions:

Leverage limits on opening positions (30:1 for major currency pairs; 20:1 for non-major currency pairs, gold and major indices; 10:1 for commodities other than gold and non-major equity indices; 5:1 for individual equities and other reference values; 2:1 for cryptocurrencies)

A margin close out rule on a per account basis

Negative balance protection on a per account basis

Restriction on the incentives offered to trade CFDs

Standardised risk warning

The new measures will be published in the Official Journal of the EU once they are adopted in the languages of the EU. The options ban will take effect one month later and the restrictions for CFDs will start to apply two months after the publication in the OJ. Overall, this should give you about two months to promote options in regulated countries before the new rules are implemented.

As a substitute for forbidden trading instruments, IQ Option is planning to launch a new product that can be advertised to European clients. What’s more, you will be able to use Facebook and AdWords to promote this particular solution, which could give you a substantial advantage, especially in the light of the upcoming Google’s restrictions (covering ads for CFDs, forex, options and cryptocurrencies) and Facebook’s ban (of ads for binary options and cryptocurrencies) that’s already in place.
Posts: 146
Joined: Wed Mar 06, 2013 4:27 pm
Cash on hand: Locked
Bank: Locked

Re: Crypto Currencies and India RBI rule, and about IQ Option

Post by dhaya1982 » Thu Apr 19, 2018 4:42 pm

வணக்கம் திரு. ஆதி சார்
என்னுடைய Ultimate Points (Coin = 100 ) காண்பிக்கின்றது இதன் INR மற்றும் USD மதிப்பு எவ்வளவு அதை என் FBS Account - ற்கு மாற்றலாமா ?
Post Reply