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US senators unveil long awaited crypto rules draft to define regulators and reshape markets

US senators unveil long awaited crypto rules draft to define regulators and reshape markets

US senators have unveiled long-awaited draft legislation to build a regulatory framework for cryptocurrencies. If enacted, it would clarify which financial regulators oversee the fast-growing sector—an issue that has fueled uncertainty. Supporters say clearer jurisdiction could reduce friction for businesses and investors, potentially accelerating mainstream digital asset adoption.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Most Indian crypto investors want equity style taxes while 66% call current rules unfair

Most Indian crypto investors want equity style taxes while 66% call current rules unfair

A CoinSwitch survey ahead of India’s Union Budget finds 61% of crypto investors want taxation aligned with stocks or mutual funds, while 17% favour a separate framework. Despite mixed preferences, 66% describe the current regime as unfair, pointing to the need for clearer, more rational rules that better match how investors view crypto assets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Crypto and private credit move mainstream in the US as SEC pressure grows

Crypto and private credit move mainstream in the US as SEC pressure grows

As the Trump administration and the SEC push to broaden access to markets, US investors could soon get more products tied to private credit and crypto. Some investment advisors say the move may increase complexity and shift the burden of risk management onto individuals, raising concerns about whether retail investors can adequately protect themselves as these assets go mainstream.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India plans deeper crypto oversight by probing exchanges for tax compliance on evolving trades

India plans deeper crypto oversight by probing exchanges for tax compliance on evolving trades

India is in discussions with cryptocurrency exchanges to understand how trading activity is evolving, a top tax official said. The move aims to build oversight over newer crypto products while ensuring tax compliance as regulations and market practices shift. The government wants clearer insight into transactions and activity patterns, rather than reacting after the fact.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
What happens to WazirX users after USD230 million hack drains nearly half reserves

What happens to WazirX users after USD230 million hack drains nearly half reserves

WazirX, one of India’s largest crypto exchanges, says nearly half of its USD 503 million reserves were wiped out in a cyberattack, wiping away about USD 230 million. The breach raises urgent questions about withdrawals, custody of user assets, and timelines for recovery, leaving investors to navigate uncertainty even as investigations continue.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Iran Dubai property shock fear rises as Indian buyers rethink homes and crypto plans

Iran Dubai property shock fear rises as Indian buyers rethink homes and crypto plans

Geopolitical tensions are prompting Indian investors to reassess Dubai real estate and residency plans, with expectations split between possible price corrections and market stabilization. Dubai’s long-standing appeal as a tax-friendly base and a crypto-friendly hub is also under scrutiny. Upcoming events may determine whether confidence returns—or triggers more cautious buying and weaker sentiment.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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UK launches London crackdown on illegal crypto trading issuing cease and desist letters

UK launches London crackdown on illegal crypto trading issuing cease and desist letters

The UK’s financial watchdog, the FCA, says it has targeted illegal crypto trading sites in London through a joint effort with tax officials and police. Acting under money laundering and terrorist financing regulations, it issued cease and desist letters at each location. The move signals tighter enforcement against platforms suspected of operating outside legal and regulatory frameworks.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Gen Z fuels India crypto futures surge as women participation jumps 20% in one year

Gen Z fuels India crypto futures surge as women participation jumps 20% in one year

A new study finds India’s crypto futures trading is being reshaped by younger and more diverse participants. Gen Z traders aged 18–25 account for 61% of futures traders, while women’s participation has risen 20% year over year. Trading is also getting more intense, with bigger trades and higher frequency, and Eastern India showing standout growth beyond metro hubs.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
BitDelta India launches FIU registered VDA platform promising secure INR trading and trust led crypto growth

BitDelta India launches FIU registered VDA platform promising secure INR trading and trust led crypto growth

BitDelta India has launched as an FIU registered VDASP, positioning its institutional grade VDA infrastructure for India’s expanding crypto market. The platform highlights strong security and compliance, with unified INR trading and advanced technology. Its stated goal is to expand trust driven participation beyond major metro cities, focusing on reliability and regulated access.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Bitcoin hoarder Satsuma Technology faces pressure to sell crypto and shut down operations

Bitcoin hoarder Satsuma Technology faces pressure to sell crypto and shut down operations

Satsuma Technology Plc, a UK-listed “Bitcoin accumulator” holding about $50 million in BTC, is facing mounting pressure from shareholders including Pantera Capital to sell its Bitcoin and wind down. The move underscores how the once-popular digital-asset treasury model is losing favor as valuation premiums evaporate and Satsuma’s stock price has sharply fallen.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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BitDelta Launches in India as Crypto Exchange with MPC Custody and New FIU Registration

BitDelta Launches in India as Crypto Exchange with MPC Custody and New FIU Registration

Global crypto exchange BitDelta has launched digital asset trading services in India after registering with the FIU-IND as a virtual digital asset service provider. Positioning itself as security-first, it touts Fireblocks-powered MPC custody, cold storage, 24/7 risk monitoring, and third-party security ratings. The move comes as India’s investor base stays huge despite tax friction and evolving FIU compliance requirements.

Summarised by Beize from a story on Inc42 on 24 Apr 2026
Crypto is fueling drone buying in Russia and Iran, Chainalysis warns

Crypto is fueling drone buying in Russia and Iran, Chainalysis warns

A Chainalysis report says groups connected to Russia and Iran are increasingly using cryptocurrency to finance the purchase of low-cost military drones and related components. The findings highlight how digital assets are being routed into military supply chains, making transactions harder to track through traditional banking channels. Authorities may face new enforcement challenges as crypto use grows.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Trump backed World Liberty seeks 1.5 billion crypto holder despite Reuters earnings figure

Trump backed World Liberty seeks 1.5 billion crypto holder despite Reuters earnings figure

World Liberty, branded as a decentralised platform co-founded by Donald Trump and his sons, is reported to be proposing a $1.5 billion crypto initiative. Reuters calculations cited in the report say the family has already earned about $500 million since the platform’s launch, raising fresh questions about scale and incentives behind the push.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India denies paying Iran in cash or crypto for safe Strait of Hormuz passage

India denies paying Iran in cash or crypto for safe Strait of Hormuz passage

India says it has not paid Iran, either in cash or cryptocurrency, for safe passage of Indian vessels through the Strait of Hormuz. The denial comes after an April 18 incident in which Iranian forces fired on two Indian vessels, forcing them to turn back. India’s clarification counters reports suggesting payment links to the episode.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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