India’s financial watchdogs have reportedly uncovered a troubling trend in the cryptocurrency sector, where client deposits on exchanges are being redeployed without investor knowledge. According to the income tax department’s investigation, platforms routinely use customer tokens for lending, staking, or liquidity enhancement, retaining profits while granting users only the right to sell their holdings. Officials […]India’s financial watchdogs have reportedly uncovered a troubling trend in the cryptocurrency sector, where client deposits on exchanges are being redeployed without investor knowledge. According to the income tax department’s investigation, platforms routinely use customer tokens for lending, staking, or liquidity enhancement, retaining profits while granting users only the right to sell their holdings. Officials […]
India Flags Hidden Crypto Practices That Mirror Global Exchange Failures
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India’s financial watchdogs have reportedly uncovered a troubling trend in the cryptocurrency sector, where client deposits on exchanges are being redeployed without investor knowledge. According to the income tax department’s investigation, platforms routinely use customer tokens for lending, staking, or liquidity enhancement, retaining profits while granting users only the right to sell their holdings. Officials […]
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