$ZEC BREAKING: India shuts the door on privacy coins in a surprise campaign 🚨
India has 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 phased rollout. Just an immediate freeze.
This move is part of a broader push to enforce anti-money laundering laws, indicating that assets with high privacy features are now in the crosshairs of regulatory oversight. For traders, the impact is immediate: liquidity is decreasing, access is being cut off, and uncertainty is rising overnight. For the broader market, this issue raises a much larger question - are privacy coins becoming regulatory pariahs?
India has one of the largest crypto user bases in the world, and when it moves, its effects are felt quickly. Authorities in other jurisdictions will be watching closely.
Is this the beginning of a global purge of privacy coins, or a local power play? Raise your voice - this could reshape the narrative.
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