India updates tax reporting rules to include crypto assets and CBDCs

India has expanded its global tax reporting framework to include specified crypto-assets, central bank digital currencies, and digital money products under updated FATCA and Common Reporting Standard rules.  The Economic Times reported that the Central Board of Direct Taxes (CBDT) has revised Indias implementation guidance for the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS), bringing specified crypto-assets, central bank digital currencies (CBDCs), and digital money products within the scope of international tax reporting.  The updated guidance sets out revised compliance requirements for reporting financial institutions, including banks, mutual funds, insurance companies, custodians, and other investment entities. Under the framework, such entities must identify reportable accounts, verify customers‘ tax residency, and report financial information as part of India’s commitments under the Automatic Exchange of Information (AEOI) framework.  In addition, the revised rules require reporting institutions to apply enhanced due diligence to high-value accounts with balances exceeding $1 million. The guidance calls for additional review procedures before such accounts are classified for reporting.  The latest changes expand the range of financial products covered under Indias international tax reporting regime as authorities continue updating compliance standards for digital financial assets.  High-value accounts will face additional review  Alongside the expanded reporting scope, the revised guidance

08-04انڈسٹری

Strategy Sells BTC to Fund STRC Dividends and Buybacks

In the lastest Bitcoin news today, Strategy (Nasdaq: MSTR), Michael Saylors bitcoin treasury company, disclosed the sale of 1,638 BTC for approximately $105 million in an 8-K filing with the SEC.  Proceeds are expected to fund dividend payments on Strategys preferred stock classes – including STRC, STRK, STRD, STRF, and STRE – and to pay for repurchases of STRC preferred shares.  This is not simply a Bitcoin sale. It is a capital structure management exercise, with Strategy running a parallel set of levers – BTC monetization and reserve allocation – to service a preferred-stock stack that carries rising cash obligations.  DISCOVER: Best Meme Coins to Buy in 2026  Bitcoin News Today: BTC Sale Mechanics, Price, and the Six-Week Accumulation Pause  Strategy liquidated the 1,638 BTC at an average of roughly $64,000 per coin, a price that sits materially below the firms all-in average acquisition cost of $75,419. Despite offloading a portion of its reserves and now sitting on a $10.9 billion paper loss, Strategy remains one of the largest corporate holders of Bitcoin globally, and the $105 million sale represents a small fraction of its total portfolio.  Strategy increased its USD Reserve by $250M and repurchased $81M of $STRC. This increased USD Duration by 57 days

08-04انڈسٹری

BlackRock debuts tokenized access to $311 billion of money market funds in Europe

SummaryBlackRocks new European-focused offerings provide tokenized functionality to a combined $311 billion of assets under management of money market funds across 15 markets.This includes sterling, euro and dollar share classes, BlackRock said.  BlackRock (BLK), the worlds largest asset manager, is building on its recent expansion of tokenized cash offerings in the U.S. by tapping into a combined $311 billion of assets under management in European money market funds in a sign of the growing appeal of holding real-world assets on blockchain technology.  BlockRock unveiled 12 new tokenized share classes based on six funds across 15 European markets. The funds, which comply with the European Unions UCITS regulations, include sterling, euro and dollar share classes, the asset manager said Tuesday. The move comes one day after the firm added two tokenized cash offerings in the U.S.  CEO Larry Fink has repeatedly championed tokenization technology as a way to modernize financial markets. The tokenized real-world asset market has grown more than 200% over the past year to over $30 billion, according to rwa.xyz, while Citi projects tokenized securities could reach $5.5 trillion by 2030.  The tokenized funds are designed for corporate treasurers who already use money market funds to manage operating and reserve cash, as well

08-04انڈسٹری

Ripple Backs Zilo & Licuido to Scale XRPL Tokenization

Ripple announced strategic investments in two UK-based firms, Zilo and Licuido, on August 3, 2026, converting existing commercial partnerships into equity positions and adding regulated transfer agency, digital issuance, and collateral mobility to its capital markets infrastructure on the XRP Ledger.  The investments address the gap that has kept most institutional tokenization projects in pilot mode: a tokenized fund share is only useful when it can be financed, pledged as collateral, and settled against cash with legal certainty, capabilities that require regulated ownership records, compliant issuance rails, and atomic delivery-versus-payment settlement, precisely what Zilo and Licuido supply.  This news dropped as XRP USD trades for $1.07, up around +0.5% over the past 24 hours. This continues its modest run over the past seven days, with the token up +1.7% in the past week. Daily trading volume sits at $965M.  #StateStreet #XRPL A $57.9 trillion custodian backed a small transfer agency startup in 2024. Today that startup just became Ripples newest bridge into TradFi.  ZILO the platform State Street uses for its UK transfer agency business just launched a Digital Transfer Agency built…  Zilo and Licuido: What Each Layer Does on XRPL  Zilo provides the transfer agency and fund administration layer – the regulated record of who

08-04انڈسٹری

Crypto firms still seeking frontier AI access; only select few have it

Many of cryptos biggest players are still waiting to gain access to powerful new AI models to strengthen their code from attacks, with only a select few having been able to get it.  US crypto exchange Coinbase said in June that it had secured access to Anthropic‘s restricted Mythos model and Zcash’s Zooko Wilcox said Anthropic used the model to audit the Zcash protocol at the request of Shielded Labs, while other major crypto players are seemingly yet to get access.  “That‘s one advanced frontier model that hasn’t been made available to crypto just yet,” Binance‘s chief security officer Jimmy Su told Cointelegraph. “We have been trying to make inroads there. We also talked to other crypto exchanges and our own investors to try to make some progress. But we haven’t gotten the most frontier AI model, like Mythos.”  The uneven access creates a new security divide in an industry where exploits can put billions of dollars at risk. While model developers like Anthropic and OpenAI have chosen to restrict their most cyber-capable models from the public, there are concerns that increasingly powerful open-source alternatives mean crypto firms are left to deal with sophisticated AI-assisted attacks without the most capable tools to defend

08-04انڈسٹری

Telegram restored after Apple briefly removes app over CSAM review

Apple has restored Telegram to the App Store after briefly removing the messaging platform over content that violated its child sexual abuse material policies, while the Telegram-linked Gram token has recovered most of its losses.  SummaryApple restored Telegram to the App Store after the platform removed content that violated its child sexual abuse material policies and banned the responsible user.Gram briefly dropped more than 6% after reports of the removal before recovering most of its losses.Telegram said it has removed more than 337,900 CSAM related groups and channels during 2026 as part of its enforcement efforts.The App Store incident comes as Telegram and founder Pavel Durov continue facing separate legal proceedings in Russia, Australia and France.  According to a report by Forbes, Apple temporarily removed Telegram from the App Store after its review identified content that breached the companys policies on child sexual abuse material (CSAM). The platform was restored after Telegram removed the offending content and banned the user responsible, Apple said.  The development briefly weighed on crypto markets tied to Telegrams ecosystem. CoinGecko data showed Gram fell about 6.4% from $1.41 to $1.32 after reports of the removal surfaced before rebounding to around $1.40 at the time of writing.  Telegram acknowledged the

08-04انڈسٹری

Binance launches bitcoin-backed 'Lite Loan' with $1,000 borrowing limit

Quick TakeBinance has launched “Lite Loan,” a bitcoin-backed borrowing product that lets eligible users borrow up to $1,000 in USDT without selling their BTC.Lite Loan is aimed at users with small, short-term borrowing needs and does not trigger price liquidation during the initial 30-day loan term, Binance said.  Crypto exchange Binance has launched “Lite Loan,” a new product that lets eligible users borrow up to 1,000 USDT without selling their bitcoin.  The exchange said the product is designed for users with small, short-term borrowing needs who want a simpler borrowing experience. “Lite Loan is designed for users who want access to liquidity without the complexity that often comes with crypto borrowing,” Jeff Li, Binances vice president of product, said in a statement.  Users can also use bitcoin held in Binances Simple Earn Flexible products as collateral, allowing those holdings to continue earning yield while the loan is outstanding. Borrowed USDT can be used for trading or payments through Binance Pay.  Binance said there is a gap between interest in crypto-backed borrowing and actual usage. Citing research from crypto lender Ledn, the exchange said 88% of crypto holders would consider borrowing against their digital assets. Still, only 14% currently do because of concerns about price

08-04انڈسٹری

Why Jim Cramer‘s quantum panic isn’t rattling bitcoin as price holds steady around $64,000

SummaryJim Cramer says he plans to sell all of his bitcoin, citing fears that advances in quantum computing could undermine cryptocurrency security within three to four years.Many crypto traders are cheering Cramers planned exit, treating it as a bullish signal given his predictions record of high profile misses.Bitcoin has held near $64,000 despite Cramers warning, a Coldcard hardware wallet hack, rising bond yields and sales by major corporate holder Strategy.  Jim Cramer wants out of bitcoin and the crypto communitys reaction is positive.  The “Mad Money” host said this week that he plans to sell all of his bitcoin holdings due to concerns that advancements in quantum computing could threaten cryptocurrencies within the next three to four years.  The comment followed his July 31 interview with IBM Chairman and CEO Arvind Krishna, who told Cramer that quantum computers could challenge modern cryptography within that window and that investors should be “paranoid” about the risk.  Neither the size of Cramers bitcoin stash nor any wallet tied to him has been disclosed, or tracked by analytics firms, so theres no way to independently verify whether he actually holds BTC or has started selling his coins.  Some in the crypto community are buoyed by Cramers plan to exit

08-04انڈسٹری

Nigeria sets crypto tax collection rules for digital asset platforms

Nigerias revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including paying some withheld amounts in digital tokens.  In its Guidelines on Taxation of Virtual Assets, the Nigeria Revenue Service (NRS) said income tax deducted at source and stamp duty “shall be remitted to the Service in the originating token of the transaction.” Value-added tax, by contrast, must be remitted in the currency used for the payment.  The guidelines place exchanges and P2P marketplaces at the center of withholding, reporting and remittance under the countrys existing laws.  Under the guidelines, platforms must withhold 1% of proceeds from taxable disposals of crypto assets, security tokens and applicable non-fungible tokens. A 10% withholding rate applies to staking, mining, airdrops and decentralized finance, while token-to-fiat and fiat-to-token transfers are subject to a 1.5% stamp duty.  The withheld amounts are advance payments credited against the taxpayers final income tax liability. Individuals are taxed at progressive rates, while companies other than small companies face a 30% rate. Stablecoin sales are exempt from the 1% withholding tax.  Nigerias crypto tax framework takes shape  The new guidelines follow an executive order signed by President Bola Tinubu that established a Virtual Asset Council chaired by

08-04انڈسٹری

Apple briefly removes Telegram from App Store, Gram rebounds

Apple briefly removed Telegram from the App Store after its review found content that violated its policies on child sexual abuse material, according to Bloomberg.  The messaging app was later restored after Telegram removed the content and banned the user who posted it, Apple said.  The Telegram-linked token Gram fell about 6.4% to $1.32 from $1.41 following reports of the removal. It has since recovered to about $1.40 at the time of writing, according to CoinGecko data.  “Reports of my demise are greatly exaggerated,” Telegram posted on X, followed by an apple emoji.  Telegram is also facing legal action in Russia and Australia over its handling of illegal material.  Russia is pursuing a terrorism-related charge against founder Pavel Durov over Telegram‘s handling of alleged extremist content, while Australia’s eSafety Commissioner has launched court proceedings against the platform over alleged failures to remove terrorism-related material.  Related: Telegram‘s Pavel Durov responds to Russia’s terrorism designation

08-04انڈسٹری
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