India’s Central Bank Renews Push to Keep Crypto Out of the Financial System

Stablecoin usage is splitting: USDT dominates payments on Tron while USDC anchors DeFi liquidity on Ethereum L2s. Risks, routes, and playbooks.

The post India Crypto Regulation: RBI’s Prohibition Stance and Market Impact appeared on BitcoinEthereumNews.com. India’s crypto regulation debate just got sharper. The Reserve Bank of India is pushing to bar banks and financial institutions from holding, trading, or gaining any exposure to crypto assets — a stance that puts one of the world’s largest crypto markets squarely at odds with its own central bank. Key takeaways The RBI wants banks and financial institutions barred from all crypto asset exposure as part of a policy leaning toward prohibition. The central bank warns that privately issued stablecoins backed by foreign currencies threaten India’s monetary sovereignty, while rupee-backed stablecoins risk eroding government revenue and financial stability. Fewer than 25% of the roughly 645,000 individuals who conducted crypto transactions in the financial year ending March 2023 reported them on their tax returns. India’s tax department flags offshore exchanges, private wallets, a

The post India’s RBI Renews Bitcoin Prohibition Push Affecting 39 Million Traders appeared on BitcoinEthereumNews.com. Crypto News India’s central bank has renewed its push to keep cryptocurrency outside the regulated financial system, reviving a prohibition-oriented stance that most directly affects Bitcoin (BTC) and other altcoin holdings. Internal government documents dated May and June recommend barring banks and financial institutions from holding, trading, or taking any exposure to crypto assets and privately issued stablecoins. The Reserve Bank of India (RBI) argues that isolation limits financial-contagion risk to domestic lenders. While Indian banks are technically permitted to engage with the sector, most major institutions have avoided it after years of cautionary signals, leaving the industry to operate in a persistent regulatory grey zone that neither legalises nor clearly governs digital-asset activity. The RBI extended its warning to stablecoins, tokens pegged to fiat cu

The post Exclusive Interview: Why Tangem Believes Self-Custody Is Entering Its ‘Active’ Era appeared on BitcoinEthereumNews.com. As crypto expands beyond trading into payments, stablecoins, tokenized assets and AI-powered applications, wallets are rapidly evolving. Tangem believes the next generation of users won’t simply store crypto, they’ll actively use it every day. CryptoDaily UK sat down with Tangem Co-founder, CTO and Head of Product, Andrey Lazutkin to discuss why self-custody is entering a new phase, what’s holding mainstream adoption back, and why wallets are becoming the operating system for on-chain finance. “Five years from now, people won’t think about self-custody as a technical feature. They’ll simply think of it as the natural way to own and manage their money.” Self-custody is becoming infrastructure, not just ideology For years, self-custody was largely viewed as crypto’s ideological cornerstone. But according to Andrey Lazutkin, that conversation has fundamentally c

The post India’s Central Bank Renews Push for Crypto Ban: Report appeared on BitcoinEthereumNews.com. India’s central bank has again backed a tougher stance on crypto, while tax officials warned that offshore trading and private wallets are making enforcement harder.  The Reserve Bank of India (RBI) has reiterated its support for a crypto policy, which is “leaning towards prohibition,” according to internal government documents reviewed by Reuters. They show that the institution continues to be concerned about financial stability, monetary sovereignty, and the role of privately issued stablecoins. RBI Wants Crypto Outside Regulated Finance According to the report, the RBI said that banks and financial institutions should be prohibited from holding, trading, or gaining any exposure to cryptocurrencies and to privately issued stablecoins (such as USDT and USDC). The bank also considers a prohibition a means of keeping digital assets outside the regulated financial system and reducing f

India's AI-focused cybersecurity strategy may influence global regulatory trends, potentially prompting shifts in U.S. policy and market dynamics. The post India to unveil financial cybersecurity strategy with AI focus by 2026 appeared first on Crypto Briefing.

The post Base activates B20 token standard for stablecoins and tokenized assets appeared on BitcoinEthereumNews.com. Base has activated its B20 token standard on the mainnet, allowing developers to issue native stablecoins, tokenized real-world assets, and other fungible tokens without deploying custom ERC-20 smart contracts. Summary Base has activated the B20 token standard on mainnet, allowing developers to issue native stablecoins, tokenized real world assets, and other fungible tokens. The protocol includes built in issuer controls while remaining compatible with ERC 20 wallets, exchanges, and other supporting infrastructure. The B20 launch comes after recent Base sequencer outages and the one day delay of the Beryl network upgrade. According to Base documentation, the B20 standard went live on the network at 6:00 pm UTC, enabling developers to begin creating tokens under the protocol-level framework introduced through the Beryl upgrade. The launch allows issuers to create stableco

India's central bank has again backed a tougher stance on crypto, while tax officials warned that offshore trading and private wallets are making enforcement harder.