India’s Tax Authorities Reinforce Central Bank Warnings on Crypto
India’s income tax department has echoed the Reserve Bank of India’s concerns on cryptocurrencies, citing enforcement gaps as policymakers prepare the 2026 Union Budget.
Altcoins refer to all cryptocurrencies other than Bitcoin, encompassing a wide range of blockchain projects with different goals and technologies. This category includes platforms like Ethereum, payment-focused coins, privacy-focused assets, stablecoins, and tokens powering DeFi, NFTs, and Web3 applications. Many altcoins aim to improve on Bitcoin’s limitations by offering faster transactions, lower fees, or additional functionality such as smart contracts. While some altcoins have achieved significant adoption, others are experimental or short-lived, making the market highly dynamic. Together, altcoins represent innovation, competition, and diversification within the broader cryptocurrency ecosystem.
India’s income tax department has echoed the Reserve Bank of India’s concerns on cryptocurrencies, citing enforcement gaps as policymakers prepare the 2026 Union Budget.
RAKBank has received in-principle approval from the UAE central bank to issue a dirham-backed stablecoin, adding another regulated lender to the country’s expanding digital payments landscape.
US community banks are urging lawmakers to amend the GENIUS Act to prevent stablecoin-linked yield programs, warning that the practice could accelerate deposit outflows and weaken…
A comprehensive US crypto market structure bill may not pass Congress until after the 2026 midterm elections, as political risk and conflict concerns weigh on bipartisan…
Tether introduced Scudo, a new unit of account for Tether Gold (XAU₮), enabling simpler, fractional gold transactions and broader accessibility in digital payments.
Telegram reported $870 million in revenue for H1 2025, up 65% from the prior year, driven largely by Toncoin-related activity despite a net loss of $222…
Ethereum ended 2025 with a record level of daily transactions, exceeding activity seen during the 2021 NFT boom as network upgrades and institutional use cases gained…
Coinbase is positioning stablecoins, its Base network and an expanded product suite at the center of its 2026 strategy as competition intensifies among crypto platforms pursuing…
Analysts expect Bitcoin to enter 2026 supported by long-term institutional demand but constrained by macro uncertainty and derivatives-driven trading dynamics.
A Coinbase executive warned that restricting interest on US-issued stablecoins could weaken US competitiveness as China prepares to allow interest on its digital yuan.