Page 2 - Cryptocurrencies

Parliamentary panel may recommend govt for action on monitoring crypto

A parliamentary panel may recommend to the government how to monitor cryptocurrency transactions and what to do legally with such digital assets, a source aware of the matter said. The Parliamentary Standing Committee on Finance, headed by BJP MP Bhartruhari Mahtab, has examined various aspects of Virtual Digital Assets (VDAs), a legal term for cryptocurrencies and non-fungible tokens (NFTs), for over a year and held more than half a dozen meetings. The panel is currently preparing its report for submission to the Speaker of the Lok Sabha. There is a possibility that the committee may recommend to the government action for monitoring of cryptocurrency transactions and wider consultations on what to do legally with all such digital assets, the source said. The panel is also likely to suggest that the government bring in the latest technology for stricter monitoring of all digital assets. India does not recognise crypto as an asset and has issued no direction to regulate them in the

RBI backs blockchain technology, remains cautious on crypto: Guv Malhotra

India has maintained a cautious approach towards cryptocurrencies while promoting the underlying technologies such as distributed ledger technology and tokenisation, RBI Governor Sanjay Malhotra said on Saturday. Malhotra said India supports innovation in technologies underlying crypto assets, including distributed ledger and tokenisation, but remains cautious about cryptocurrencies due to concerns over monetary sovereignty, monetary policy and capital flows. "So, our approach has been to promote the underlying technologies, and we are using some of these in the central bank and outside in PPP (public-private partnership) mode. But insofar as crypto is concerned, it has been a cautious approach," he said at the Kautilya Economic Conclave. Expressing concerns about cryptocurrencies, the RBI Governor said it is related to the 'singleness of money' and their potential implications for monetary policy, particularly in emerging market economies, where capital flow restrictions are in ...

Who is Adam Back, the Bitcoin pioneer behind Blockstream and Liquid?

Adam Back, a British cryptographer and one of the early figures in Bitcoin's history, has come into focus as several businesses linked to him face severe scrutiny

What Makes A Founder Worth Backing? Kavita Gupta On AI, FOMO & Investing | Manager’s Mantra

In this episode of Manager’s Mantra, venture capitalist Kavita Gupta discusses how investors judge founders, why experience can matter more than degrees, and what she looks for before writing a cheque

FIU issues notice to 15 crypto service providers, asks to take down URLs

Financial Intelligence Unit-India (FIU-IND) has issued notice to 15 Virtual Digital Assets Service providers for non-compliance with anti-money laundering law and asked the entities to take down their application/URLs for public access. Virtual Digital Assets Service Providers (VDA SPs) operating in India, whether offshore or onshore, and engaged in activities like exchange of virtual digital assets and fiat currencies, and transfer of virtual digital assets, are required to be registered with FIU-IND as reporting entity and comply with Prevention of Money Laundering Act (PMLA). These obligations are activity-based and are not contingent on physical presence of the entity in India. The finance ministry said as part of compliance action against non-compliant entities, FIU-IND has issued notices to 15 VDA SPs for non-compliance under Section 13 of the PMLA. These entities include Weex International Exchange, BLF Global, Bitunix LLC, DigiFinex Ltd and FinSeven CZ. "The Director, FIU-

Bitcoin surges 8% as short squeeze ripples across battered crypto market

Bitcoin climbed to around $69,500 after a wave of short covering, amid Trump's meeting with crypto executives and lower borrowing costs adding to buying momentum

US securities regulator proposes crypto fundraising rules: What changes now

The proposed rule seeks to create routes for eligible crypto issuers to raise capital and clarify when an investment contract linked to a non-security crypto asset ceases to exist

India's Gen Z turns to crypto as gateway to investing, WazirX data shows

India's Gen Z is entering financial markets earlier and increasingly using cryptocurrency as a gateway to investing, while showing a preference for diversified portfolios and a willingness to stay invested through market volatility, data from crypto exchange WazirX showed. Nearly 44.4 per cent of Gen Z investors on the platform began their investment journey through crypto, suggesting that a large share of young investors are entering financial markets through digital assets rather than adding crypto to established portfolios. The median age of Gen Z investors on WazirX is 25, while the generation accounted for 72 per cent of all new investors on the platform in the first half of 2026. Gen Z also made up 32.1 per cent of active traders, the company said. The trend is spreading beyond India's largest cities. Nearly 80 per cent of WazirX's Gen Z users come from outside the country's top 10 cities, highlighting the growing participation of investors from Tier-2 and Tier-3 centres. Mumb

CBDT issues guidance note on crypto-asset reporting under I-T Act, 2025

The 198-page guidance note explains reporting obligations for crypto service providers under the Income-tax Act, 2025, in line with the OECD's Crypto-Asset Reporting Framework

Will money flow into crypto if AI trade fizzles? Analysts weigh in

While analysts broadly agree that AI and crypto are not mutually exclusive themes, views diverge on whether an AI correction could eventually benefit Bitcoin.

Pak seeks country's top Islamic seminary guidance on crypto assets

Pakistan's crypto regulator has sought an Islamic ruling distinguishing speculative cryptocurrencies from asset-backed digital tokens to support wider adoption

India taxes crypto, but RBI still wants distance. Can both coexist?

Crypto is taxed, tracked and traded in India. But the RBI still refuses to recognise it as an asset class. Can this uneasy arrangement endure?

Not having a policy is a policy: RBI to Parliamentary panel on crypto

RBI tells House panel it's not in favour of VDAs as currency

Bitcoin loses $60k level, erases half of 2025 gains; more pain ahead?

Analysts attributed the decline to a combination of profit booking by large holders, softer risk appetite, concerns over financing risks at Strategy Inc.

Bitcoin rout: What's driving sell-off; will token reclaim its peak in 2026?

Analysts attribute the correction to a combination of macroeconomic uncertainty, tighter liquidity conditions, and a broader risk-off sentiment across global markets

Will Bitcoin recover or remain rangebound? Technical outlook offers clues

Mohit Kumar, head of markets research at Delta Exchange, expects Bitcoin to consolidate for a considerable period before reaching a new all-time high

Bitcoin fall seen as liquidity cycle, not structural shift: Bitget CEO

Gracy Chen, CEO, Bitget, in an email interview with Kumar Gaurav, said Bitcoin has historically been highly sensitive to liquidity cycles, noting that periods of volatility are not unusual

Crypto outlook tied to regulation, liquidity, maturation: SB Seker, Binance

SB Seker, head of APAC at Binance, said the outlook of the crypto markets hinges on regulation, liquidity and market maturation

'Stablecoins show blockchain utility while altcoins seek value capture'

Stablecoins may be solving the adoption problem, but they are not necessarily the primary destination for investment returns.

Bitcoin jumps to two-week high as US-Iran Hormuz deal boosts risk appetite

Bitcoin climbed nearly 3% in early Asian trading to around $65,400 after the US and Iran signalled a de-escalation of hostilities, boosting risk appetite across global markets