Bybit’s Landmark Tax Implementation in India Bybit, a prominent global cryptocurrency exchange, has made a significant announcement that will profoundly impact its user base in India. Effective July 7, 2025, the platform will begin enforcing an 18% Goods and Services Tax (GST) on all crypto-related fees for users residing in India. This decisive move aligns…
Hong Kong Poised to Benefit from Singapore’s Crypto Clampdown Hong Kong is strategically positioning itself to attract a significant influx of crypto liquidity as its regional rival, Singapore, implements stricter regulations on unlicensed cryptocurrency companies. The Monetary Authority of Singapore’s (MAS) June 30 deadline for crypto service providers to cease offering digital token services to…
US Dollar’s Global Role Under Scrutiny A significant shift in global financial dynamics could be on the horizon, potentially triggered by the U.S. push to regulate dollar-backed stablecoins. This initiative is sparking fears of widespread monetary destabilization. Amundi, Europe’s largest asset manager with over €2 trillion ($2.36 trillion) in assets under management, raised concerns on…
US House Designates “Crypto Week” The U.S. House of Representatives has officially designated the week starting July 14 as “Crypto Week,” signaling a concentrated legislative push for digital assets. During this period, lawmakers will actively consider three landmark bills: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. This comprehensive initiative…
Europe Faces US Trade Ultimatum Europe is currently navigating a critical period of trade tension, facing a direct ultimatum from Washington to finalize a bilateral agreement by July 9. Failure to meet this deadline could trigger punitive surtaxes, potentially reaching 70%, on European exports to the United States as early as August 1st. In this…
Crypto Market Analysis: July 6, 2025 – Consolidation Continues On July 6, 2025, the cryptocurrency market continued its consolidation, showing mixed performance across major assets. The global crypto market capitalization remained around $3.3 trillion (as of July 4 data). Bitcoin hovered just under $107,000, while altcoins experienced varied movements. This follows a cautious start to…
A Resounding Endorsement from Crypto Investors A recent HarrisX online survey, conducted in June among 1096 Americans including 230 cryptocurrency investors, has unveiled a striking level of approval for Donald Trump’s administration’s actions within the digital asset sector. The poll indicates that a substantial 81% of crypto investor respondents are closely monitoring the administration’s policies,…
Japanese Bank Initiates Stablecoin Research Minna Bank, recognized as one of Japan’s foremost banks in digital transformation, has embarked on a significant joint research initiative. This collaboration involves prominent blockchain platform Solana, digital asset security provider Fireblocks, and IT services company TIS. The primary objective of this partnership is to thoroughly examine how stablecoin technology…
Bybit Implements 18% GST for Indian Users Popular cryptocurrency exchange Bybit has announced that it will begin charging an 18% Goods and Services Tax (GST) to its Indian users, effective from July 7, 2025. This move is in compliance with the Indian Tax System and will apply to nearly all crypto services offered on the…
Investor Defrauded by Inauguration Email Scam Federal officials have reported a significant cryptocurrency fraud incident where an investor was defrauded of over $250,000 in USDT.ETH. The elaborate scam involved deceptive emails purporting to be from Donald Trump’s 2025 inaugural committee. The fraudster specifically impersonated Steve Witkoff, who was serving as the co-chair of the committee,…
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