Indian cryptocurrency traders are facing unexpected bank account freezes after using peer-to-peer trading platforms like Binance P2P. These freezes occur when scammers use innocent traders as unwitting money mules, leaving legitimate users caught in police investigations and facing frozen savings for weeks or months. This article explores how these scams operate through real user experiences and provides guidance on safer alternatives for converting crypto to rupees.
about Indian Crypto P2P Scams: Bank Freeze Risks & Solutions
HDFC Bank
HDFC Bank Dubai Branch Barred from New Business by DFSA
The Dubai Financial Services Authority has imposed severe restrictions on HDFC Bank’s Dubai International Financial Centre branch, prohibiting all new client onboarding and fresh business activities following compliance failures in customer verification processes. While the regulatory action represents a significant setback for the bank’s Middle Eastern operations, HDFC Bank shares showed remarkable resilience, trading nearly flat as investors recognized the minimal financial impact of the DIFC branch on the bank’s overall business.
about HDFC Bank Dubai Branch Barred from New Business by DFSANifty Futures Signal Positive Start; Key Stocks in Focus
Indian benchmark indices are poised for a positive opening on Monday as GIFT Nifty futures indicate strong gains, trading 120 points higher at 24,810. This comes after Friday’s significant decline where the Sensex slumped 733 points to 80,426 and the Nifty50 fell 236 points to 24,655. Several major stocks face regulatory scrutiny while others announce significant business developments, creating a mixed landscape for investors.
about Nifty Futures Signal Positive Start; Key Stocks in Focus