India craps on crypto, seizes all assets of WazirX's exchange

Looks like they were already money laundering without the exchange.

Just normal criminal activity here.

Nothing to see here folks, keep moving. Another idiot just blowing things out of proportion.
 
I'm so happy to see India working so well with Russia lately and also following in lock-step fashion with them.

God bless them! (and China too)
 
Trader Curt said:
Looks like they were already money laundering without the exchange.

Just normal criminal activity here.

Nothing to see here folks, keep moving. Another idiot just blowing things out of proportion.
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Big difference. If Wells Fargo or HSBC gets caught laundering drug money, they don't freeze the account of every single customer.
 
engineering said:
Big difference. If Wells Fargo or HSBC gets caught laundering drug money, they don't freeze the account of every single customer.
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Yes they will, if the owners and founders were laundering they can freeze whatever they want.
 
Trader Curt said:
Yes they will, if the owners and founders were laundering they can freeze whatever they want.
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Nope. I specifically picked banks that have already been caught.
I wondered if anyone would notice that.
They were already caught, and such seizure did not happen.

There's a specific legal framework to protect bank deposits, unlike crypto exchanges.

I am constantly amazed at the pro-crypro get rich quick scheme reality distortion field. It's as though various historical events have never happened and financial terms no longer have any commonly accepted meaning.
 
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