It’s crucial to understand that the app had to suffer the ban, which was not a consequence of any actual breach of trust or violation of rules. It was a result of confusion and therefore, there’s nothing to relate Kissht Crackdown with the app’s integrity or credibility.
2. Rumours have the potential to mislead people since they contain
inaccurate or exaggerated information. This leads to
misunderstandings as rumours can spread rapidly through social
media and other online platforms. In-depth analysis is crucial to
uncovering the truth behind rumours. This discussion will involve
thorough research, fact-checking, and verifying information to
separate fact from fiction and let people understand the real truth
behind the misinformation of Kissht Crackdown. Debunking the rumor
includes uncovering actual events and helping individuals better
discern between trustworthy information and rumours.
3. Why Do Rumours of Kissht Crackdown
Exist?
This misinformation exists due to misinterpretation and a
slight error. Kissht Crackdown was a result of
miscommunication and erroneously interpreting the name of
Kissht in the list of faulty apps due to which Kissht Banned
controversy arose. As regulatory authorities conduct regular
inquiries to ensure that all fintech platforms adhere to
established norms and guidelines, the same inquiry
proceeded a few years back. During the investigation, the
regulatory authorities found several fintech apps that violated
certain RBI regulations. When the authorities detected those
suspicious apps, they decided to take stringent actions
against them. They made a list of a total of 232 apps that
were found guilty and Kissht’s name was mistakenly
interpreted in that list due to another similar-sounding app.
4. Kissht Crackdown was a consequence of
confusion
It’s crucial to understand that the app had to suffer the ban, which
was not a consequence of any actual breach of trust or violation of
rules. It was a result of confusion and therefore, there’s nothing to
relate Kissht Crackdown with the app’s integrity or credibility.
5. Kissht Crackdown was temporary
Before posing questions on the platform, influenced by baseless rumours
regarding Kissht Crackdown, it’s important to understand the effect of the
ban. As soon as the misunderstanding was addressed, officials resolved the
issue promptly and they revoked the ban immediately. This proves and
clarifies how legitimate the app’s practices are and how trustworthy it is due
to which the ban was revoked within such a short period. This incident also
showcases that the credible and trustworthy digital lending app was not at
all fault and was erroneously interpreted in the regulatory action. It all
happened due to an error and people should avoid relating the instance with
the app’s integrity and trustworthiness.
