CoinSwitch

Introducing #𝐂𝐨𝐢𝐧𝐒𝐰𝐢𝐭𝐜𝐡𝐂𝐚𝐫𝐞𝐬, a ₹600 Crore recovery fund for WazirX users who lost money due to the alleged cyber attack of July 2024. Ashish Singhal | Vimal Sagar Tiwari | Govind Soni

We at CoinSwitch are all all set to be part of Finbridge Expo 11th Edition, happening tomorrow in Mumbai! 🚀 We’re thrilled to meet fellow traders, investors, and enthusiasts who are looking to explore new opportunities and enhance their trading experience. Visit us at Stall No. 15C to learn more about our latest offerings, get insights into the crypto market, and connect with our team! Ashish | Siva | Santhosh | Tarun | Bishakha | shweta

Budget brings crypto assets under mandatory reporting: What you need to knowThe Indian government is taking steps towards tax transparency and regulatory oversight in the Virtual Digital Assets (VDAs) sector. The Finance Bill 2025 proposes amendments to the definition of VDAs and introduces mandatory reporting requirements for crypto-asset transactions. These changes align India with global efforts to track crypto-asset transactions and ensure tax compliance. It's essential to understand what these changes entail and how they could affect the broader industry. For a detailed breakdown of the amendments and their implications, read the full article here: https://lnkd.in/gEFvAWCb R Venkatesh (Venkat)

⚡ US President Trump has signed an executive order to strengthen American leadership in digital financial technology. Key points: 1. Support for Digital Assets: The order emphasizes the importance of digital assets in innovation and economic development, promoting their responsible growth and use across all sectors. 2. Protection of Blockchain Access: It safeguards individuals' rights to access and use open public blockchain networks for lawful purposes, including software development, mining, validating, transacting without unlawful censorship, and self-custody of digital assets. 3. Promotion of Dollar-Backed Stablecoins: The administration aims to enhance the development and global growth of lawful and legitimate dollar-backed stablecoins to uphold the sovereignty of the U.S. dollar. 4. Regulatory Clarity: The order calls for technology-neutral regulations and transparent decision-making to foster a vibrant and inclusive digital economy, providing clear guidelines for emerging technologies. 5. Rejection of Central Bank Digital Currencies (CBDCs): It prohibits the establishment, issuance, circulation, or use of CBDCs within the United States, citing concerns over financial stability, individual privacy, and national sovereignty. 6. Revocation of Previous Policies: The order revokes Executive Order 14067 of March 9, 2022, and the Department of the Treasury’s Framework for International Engagement on Digital Assets issued on July 7, 2022, directing the Secretary of the Treasury to rescind related policies inconsistent with the new directives. 7. Creation of a Working Group: It establishes the President’s Working Group on Digital Asset Markets within the National Economic Council, chaired by the Special Advisor for AI and Crypto, to further these initiatives. Crypto ftw!