Crazy amount of crypto holder in India! 😲

Bitcoin & Crypto
21

Some one should introduce a crypto currency named ‘Tulip’ :nerd_face:.

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22

Even in stock market there are multiple demat accounts on one head,
Similarly I think the above crypto investors data also include multiple wallets opened in different accounts.

Also, I didn’t understood which authority gave the numbers and data.
So I feel it shouldn’t be taken seriously.

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23

Because HDFC bank join hands with ripple

24

Are Indian banks allowed to tie up with crypto related platforms ?

25

Are you one of them? If so which platform did you use?

26

Nopes. :slight_smile: No Bitcoin exposure in any way.

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27

Any other crypto ?

28

:slight_smile: Nopes.

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29

Wooow, it is amazing!!!

30

Thank you, guys

31

What is the best source to buy US dollar without having an US bank account. If we approach the bank they will give USD in cash in exchange for the INR.

But what if i am bullish on USD and seeing a value of 1 USD = 100 INR after the current central govt. regime end.

The easiest option i can think of is to buy USDT or USDC and wait. Meanwhile pledge them to get a 12% FD rate.

@nithin
Other than this method - how else can i buy USD ?

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32

If the intention is to buy USD and keep it in a Bank, then you could consider approaching one of the Middle East bank who have a branch in India. Non Residents are allowed to open an account with these banks at their base country and you could open USD account and fund the same.

I came across another article. This is rather old but go through it.

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33

I think this method looks great, buy usdt, lend it to 12%, and then sell call of usdinr in nse, get some profit there

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