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44 sats \ 4 replies \ @Coinsreporter 28 Dec 2024 \ on: Kraken will require wallet verification in two days bitcoin
I recently had to make a big deposit, around $2k on Binance for cash requirements, for there's no other better way to P2P in India, and to my surprise they asked for verification.
The question they asked:
Where did you recieve it?
Options:
- Your own private wallet
- Somewhere else
I'll have to find out another way, because until now I was evading tax but Binance as they said now comply with Indian Rules and regulations, does this. Kraken is better. At least they're announcing it.
At least they're announcing it.
But just two days before
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Yupp. That's on them. They are all same. I really need to find something that works for me here in India. The big decentralized P2Ps don't have anything for INR and that's a big plight. I can transact in USD but when I get them in my account, the rate is quite lower than the Binance P2P.
I assume it's not the case with only me, evry bitcoiner from India feels it.
Binance P2P USD/INR is around 1/89
Elsewhere it is around 1/84.
Big difference!
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I was evading tax
Thoughts and prayers 🤣
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No problem. I'm in India. I don't think they gonna catch me out of millions who have been evading millions. My amount that might be on the radar is less than what's even considered for income tax in India.
By evading, I meant that I don't file ITR.
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