According to BlockBeats, Indian officials have announced that the country's tax authorities are currently investigating cases of tax evasion related to cryptocurrencies. This move comes as part of a broader effort to ensure compliance with tax regulations in the rapidly growing digital asset sector. The investigation aims to identify individuals and entities that may have failed to report cryptocurrency transactions accurately, thereby evading taxes. Authorities are focusing on ensuring that all cryptocurrency-related activities are properly documented and taxed in accordance with Indian law.

According to Cointelegraph, the opportunity to enact significant cryptocurrency legislation in the United States is rapidly diminishing, with potential long-term repercussions for the industry if missed. Marta Belcher, president of the Blockchain Association and the Filecoin Foundation, emphasized the importance of legislative action during a recent episode of Cointelegraph’s Decentralize podcast. She urged lawmakers and industry leaders to act swiftly before the 2026 election cycle potentially disrupts current progress. Belcher highlighted the critical need for legislation to clarify key aspects of the cryptocurrency industry before the end of the year. She expressed concern over the uncertainty surrounding Congress's stance on crypto following the midterm elections, which could either support or hinder the industry. Reflecting on the previous administration's hostile environment, where the Securities and Exchange Commission under Gary Gensler and the Biden administration pursued legal actions against major tokens, Belcher noted the adverse impact on the industry, with many projects relocating abroad. She expressed hope for a shift in tides with legislation that facilitates operations within the U.S. Currently, Congress is advancing both stablecoin and broader market structure legislation, with a potential vote on stablecoins anticipated soon. However, Belcher cautioned against relying on post-summer legislative movement due to unpredictable congressional priorities. She stressed the urgency of passing legislation this year to establish a clear compliance path, which many crypto projects are eager for. Belcher underscored the willingness of industry participants to comply, provided they understand the requirements. She also emphasized the necessity for industry-wide compromise, acknowledging that while the legislation may not be perfect, collective action is essential for progress.

The Hong Kong SFC widens its virtual asset regulatory framework to include OTC trading and staking services, aiming for investor protection and compliance. source: https://coincu.com/343128-hong-kong-sfc-expands-regulation

The latest episode of Decentralize with Cointelegraph unpacks why US crypto legislation must pass in 2025 or risk renewed crackdowns and political blowback. source: https://cointelegraph.com/news/crypto-legislation-deadline-2026-marta-belcher-warning?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Has price of Binance Coin (BNB) reached oversold area yet? source: https://u.today/binance-coin-bnb-price-prediction-for-june-13

SharpLink Gaming has established a significant Ethereum reserve, acquiring more than 176,000 ETH at an average price of $2,626 per token, according to a statement released on June 13. The $463 million investment marks the company as the first Nasdaq-listed firm to implement an Ethereum-focused treasury strategy. source: https://cryptoslate.com/sharplinks-record-463m-ethereum-acquisition-fails-to-prevent-67-decline-in-stock/

Key Points: Yupp, a new platform for AI model evaluation, has raised $33 million in seed funding led by venture firm a16z. The platform uses blockchain incentives to crowdsource human preferences for improving AI systems. The funding round includes participation from investors familiar with both artificial intelligence and crypto. Yupp allows users to enter prompts, source: https://coincu.com/343119-a16z-backs-yupp-33m-bet-on-ai-meets-crypto-rewards

The SEC has announced two high-profile leadership appointments that could shape the regulatory tone for digital assets and investment funds in the coming years. source: https://cryptonews.com/news/sec-leadership-shakeup-brian-daly-and-kurt-hohl-step-into-key-roles-what-it-means-for-crypto/

SharpLink Gaming's ETH purchase now positions the firm behind the Ethereum Foundation, an independent organization overseeing the Ethereum ecosystem that holds 214,129 ETH valued at over $540. 7 million. source: https://www.theblock.co/post/357998/sharplink-gaming-buys-463-million-in-eth-becomes-no-2-holder-after-ethereum-foundation?utm_source=rss&utm_medium=rss

Major crypto exchange Bitget has enabled the onboarding of Syrian citizens, effective immediately, after the US eased OFAC sanctions. source: https://cryptonews.com/news/bitget-welcomes-syrian-users-as-us-eases-ofac-sanctions/

This article will explore the key content and differences between Abu Dhabi and Dubai in terms of compliance supervision.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

Don't go all in: diversify across asset classes and geographies.

In today's global economic landscape, the hegemonic status of the US dollar has always been an important issue in the international financial field.

Global payments are undergoing a transformation, and stablecoins are at the core of this revolution. They are not only reshaping cross-border transactions, but also redefining the future of payments.

How our industry can enhance its business model and evolve towards developing sustainable products with real and rewarding user demand.

The new U.S. government’s cryptocurrency policy framework has returned to the main line of “supporting innovative development”. The bill clearly reflects the U.S.’s intention to dominate the development of the global stablecoin market.

Recommended readings tonight: 1. Will the Iran-Israel conflict cause the crypto market to collapse and continue to affect the BTC market? 2. Outlier: Why are we betting heavily on privacy-enhancing technology? 3. The evolution of strategy from the perspective of Bitcoin investment logic

Bitcoin prices fell late Thursday after Israel launched an airstrike on Iran, shaking global financial markets and triggering a sell-off in risk assets.

The Philippines has introduced strict new rules for crypto companies, requiring them to register, hold at least PHP 100 million in capital, and have a physical office in the country. Firms that fail to comply could face heavy fines or jail time, as the government moves to tighten control and protect users.