Web3 News

Key Highlights CBDT releases detailed guidance for crypto tax reporting under the Income Tax Rules, 2026. Reporting responsibility primarily rests with crypto exchanges and service providers. The first reporting cycle will cover 2026 transactions, with submissions beginning in 2027. New rules align India with the OECD's Crypto-Asset Reporting Framework (CARF). Enhanced requirements for KYC, tax residency verification, and cross-border reporting. CBDT Issues Detailed Crypto Re

Bitcoin-backed lending is making a strong comeback As Bitcoin adoption continues to grow, many long-term holders are looking for ways to access liquidity without selling their assets. Bitcoin-backed loans provide a practical solution by allowing users to borrow cash or stablecoins using their Bitcoin as collateral. This approach helps investors avoid triggering taxable events while maintaining exposure to potential future price appreciation. Source: Chatgpt Following the coll

Japanese Crypto Lending Market Expands with High-Value Bitcoin-Backed Financing Japan's regulated cryptocurrency lending sector has taken another significant step forward as digital asset lender CRYL introduces a new Bitcoin-backed loan service. The platform allows both individuals and businesses to unlock the value of their Bitcoin holdings without selling their assets, offering loans of up to 1 billion yen (approximately $6.2 million). Source: Chatgpt The move reflects the

Bitcoin has entered the new trading week with renewed strength, recovering from recent selling pressure and climbing back above the $62,000 level. While the rebound has improved short-term market sentiment, investors remain cautious as institutional demand—particularly through spot Bitcoin ETFs—continues to play a decisive role in determining the cryptocurrency's next major move. Image/Chatgpt The latest recovery offers hope for bullish traders, but market participants are lo