India
Bharat.
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No Prime Minister of India has ever been so desperate and insecure to get celebrities to follow a script and wish him on his birthday or force Brands to thank him. Forget India, no world leader has ever done it and this will make even Kim Jung Un jealous https://x.com/Joydas/status/1968255644592705705 No Sinha, this never happened before because no Prime Minister was so hungry for PR that he literally went around begging celebrities to wish him on his bday. Vishwanthan Anand accidentally exposed your paw-paw https://x.com/RoshanKrRaii/status/1968250826956440018 “Bhakti or hero-worship in politics is a sure road to degradation,” : BR Ambedkar. https://x.com/sagarikaghose/status/1968162813446381730 The most narcissistic ruler India has ever seen! That too, at someone else’s expense! https://x.com/jawharsircar/status/1968200007745728712
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India does not want to regulate crypto for two reasons: 1st -> Stablecoins pose risks that can harm UPI. (Got it) 2nd-> Crypto can lead to systemic risk What does systemic risk mean? Systemic risk refers to the risk that problems in one part of the financial system can spread and threaten the stability of the entire economic system or the economy. For example: If many banks or institutions hold crypto, and crypto prices crash, banks could lose a lot of money → leading to a credit crunch. If businesses and households rely heavily on crypto for payments, a disruption in crypto markets could impact the real economy (like trade, salaries, or savings). So when the Indian government document says regulation might make crypto "systemic," it means: By granting crypto legitimacy, more people and institutions may adopt it. If that happens, crypto risks will no longer be limited to investors and could threaten the entire financial system (systemic risk). https://x.com/simplykashif/status/1965716338455777329
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