RBI Told The Parliament That Crypto Should Be Banned..
On July 2nd, During the Parliamentary Standing Committee on Finance, RBI made a bold move telling that cryptocurrencies should be banned in India.. They say its a threat to economy..
India collects Approx 706 crores in crypto tax but RBI says crypto should be banned..
On the other side, U.S has come up with the ''Clarity Act'' bill, once its passed crypto will boom..
Maharashtra has officially brought CRYPTO assets under the MPID Act. It becomes the first Indian state to legally recognize Crypto as recoverable property...
-Tom Lee's BitMine buys 27,084 ETH worth $42 at average buy price of $1,569 per ETH.
-SpaceX is set to join the Nasdaq-100 on July 7, less than a month after its record-breaking IPO.
-India has reclaimed its position as the world's 5th largest stock market, overtaking Taiwan and South Korea after sharp corrections in their equity markets.
-Strategy launches Bitcoin monetization program that allows the company to sell Bitcoin to Fund operations.
-Michael Saylor strategy to sell up to $1.25 Billion in Bitcoin under its BTC Monetization Program.
-U.S says it will not release frozen Iranian funds without a proper progress on a nuclear deal.
-Iranian president pezeshkian says, Iran will not make any concessions in negotiations with the US under any circumstances...
-Bitcoin is still struggling around $60k and there’s no sign of recovery. bulls are struggling to break above & regain the momentum.
-If BTC doesn’t hold at this level then im expecting Btc to touch $55 - $56k zone soon and grab the liquidity.
-After this there will be a relief pump where Btc price will be manipulated to $64 - $68k zone and this is where all the long buyers will get trapped.
-BTC coming down to $38 - $40k zone is a reality, it’s just a matter of time..
-Bitcoin's current 6 month candle closes tomorrow. In the last 2 cycles bear markets lasted only 2 consecutive 6 month candles before a major uptrend. Will history repeat for a third time, let's wait and watch.
India’s FIU has ordered crypto exchanges to share details of OTC (Over-the-Counter) trades which is above $10,000 (₹9.44 lakh).
Records to be traced back to January 2026. FIU can now pull data anytime depending on suspicious transaction. This isn't a one time check, its a standing enforcement tool.
India is tightening on crypto, its building the compliance infrastructure for the market to scale properly & legally..