India's Ministry of Finance has imposed money laundering provisions on the cryptocurrency industry, the country's latest move to tighten oversight of digital assets. The Ministry said anti-money laundering legislation has been applied to crypto trading as well as safekeeping and related financial services.
With the announcement, India joins a global trend of requiring digital-asset platforms to follow anti-money laundering standards as followed by other regulated entities like banks or stock brokers.
The news comes as the global crypto market cap posted a 24-hour decrease of 0.85% to $1.01 trillion causing the prices of several top coins to decline. Top meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB) showed a slight reversal, however, as their prices posted green trading while Big Eyes Coin (BIG) came out with new offers to amplify its Initial Coin Offer (ICO).
Dogecoin (DOGE) opened the day's trading with a green outlook with a 24-hour high of $0.07427 from a low of $0.07274. However, the upward momentum was rather brief as bears dominated the bulls pushing the DOGE back to its current price of $0.07351.
Dogecoin is 10.60% down from last week with experts suggesting the downward trend to continue following U.S. Federal Reserve Chair Jerome Powell's remarks hinted at speeding up rate hikes.
Shiba Inu (SHIB) showed some resistance against the bears as its price traded upwards by 2.20% to $0.00001122 while indicating a weekly decline of 9.48%.
The spike could be a precursor to this week's release of the beta version of the Shiba Inu layer 2 blockchain Shibarium which would have a focus on metaverse and gaming applications with the NFT sector expected to intensify in the coming years.
Big Eyes Coin (BIG) is a new community-owned ERC-20 meme token powered by Ethereum which is currently in the presale stage and is set to go live on the crypto market on 31st March 2023.
The project uses a Proof-of-Stake (PoS) consensus process to validate its transactions which reduces blockchain energy requirements by eliminating crypto mining, a process that harms the atmosphere. Big Eyes Coin will also hold 5% of its total token supply which will be donated to several charities with ocean-saving causes.
Big Eyes Coin is now in stage 12 of its presale and has raised over $31 million in presale tokens and will launch after reaching $50 million at the end of stage 15. A BIG token is currently worth $0.00049, a 390% increase from the presale launch price of $0.0001, and will rise further as the ICO progresses to its next stages.
The project's latest presale feature, the Big Eyes Coin Loot Boxes offers a 5000% ROI by using the Vault Pin 819. Users simply have to enter the Vault Pin 819 to get free loot boxes and the bigger the purchase, the bigger the return is. The Saver Tin, Cute Box, and Kitty Vault carry maximum prizes of $500, $5000, and $25,000 worth of BIG tokens respectively while the Super Saiyan Box costs $1000 to open and has the ultimate prize of $100,000 worth of BIG tokens. The grand prize of $1 million worth of BIG tokens can be found in the Excali-Paw Master Chest which costs $10,000 to open.
The loot box drops will be a presale feature only and results are always random. It's a win-win for buyers as they will always get their money back if the loot box does not spin in their favour.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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