The post CLARITY Act Odds Sink to 35% as DOJ Warns of Crime Loopholes appeared first on Coinpedia Fintech News

The odds of the Digital Asset Market Clarity Act passing have now dropped to 35% on Polymarket, as the US Department of Justice (DoJ) expressed concern about the proliferation of crypto crime. Source: Polymarket Clarity Act weakens anti-money laundering (AML) framework: DoJ In an email addressed to the US Department of the Treasury, the DoJ …

The post Crypto CLARITY Act Hits Fresh Senate Hurdle Ahead of August Recess appeared first on Coinpedia Fintech News

The U.S. Senate’s version of the CLARITY Act has hit another roadblock. According to new report, the updated draft expected this week still does not have broad support from Senate Democrats. Therefore, negotiations remain active before lawmakers can schedule a floor vote. The disagreement comes even as the crypto industry continues pushing for the bill. …

The post Trump to Meet Senators on CLARITY Act Ahead of Senate Push appeared first on Coinpedia Fintech News

U.S. President Donald Trump is scheduled to meet with a group of senators at the White House on Thursday to discuss the CLARITY Act and its progress in the Senate, according to Politico. Lawmakers are aiming to pass the cryptocurrency market structure bill before the August congressional recess. Senators Bernie Moreno, Cynthia Lummis, and Thom …

The post Crypto Regualtion Pakistan Update appeared first on Coinpedia Fintech News

Pakistan’s crypto regulator, the Pakistan Virtual Assets Regulatory Authority (PVARA), is urging Islamic scholars to assess digital assets individually rather than issue a single ruling for all cryptocurrencies, according to Reuters. The move follows a June ruling by a Karachi seminary that cryptocurrencies do not qualify as wealth under Islamic law. The regulator argues that …

The post White House to Resolve Senatorial CLARITY Act Ethics Conundrum This Week appeared first on Coinpedia Fintech News

US President Donald Trump is scheduled to meet with Senators on Thursday to negotiate the ethical issues raised over the Digital Asset Market Clarity Act. Upcoming CLARITY Act discussions in White House The talks will focus on the moral quandary posed by high-ranking state officials, including the President, engaging in crypto endeavors. This comes after …

The post Japan Crypto News: Parliament Reclassifies Bitcoin, XRP, & Ethereum as Financial Products appeared first on Coinpedia Fintech News

Japan’s House of Councillors passed an amendment to the Financial Instruments and Exchange Act, which officially recognizes cryptocurrencies as financial products rather than payment tools.With this, the country is now planning to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs. Japan Moves Crypto Under Financial Product Rules Japan’s parliament …

The post South Korea to Recognize Crypto as a National Asset appeared first on Coinpedia Fintech News

South Korea, one of the world’s biggest crypto markets with nearly 15% to 20% of global trading volume, is planning to bring cryptocurrencies under a new national asset law.   The move also comes alongside plans for stablecoins, tokenized bonds, and spot Bitcoin ETFs. South Korea State Asset Law to Include Crypto On July 15, during …

The post Crypto India: 80% of Crypto Trading in India Is Now Futures. Is the 1% TDS to Blame? appeared first on Coinpedia Fintech News

More than 80% of crypto trading on Indian exchanges now happens in futures and derivatives instead of spot markets. While many traders have shifted to avoid the 1% Tax Deducted at Source (TDS) on spot trades, the move comes with higher risks. Industry estimates suggest that 70% to 80% of retail crypto futures traders are …

The post UK Scraps Crypto Lending Tax: Capital Gains Deferred Until Sale appeared first on Coinpedia Fintech News

The UK tax authority, His Majesty’s Revenue and Customs (HMRC), has officially introduced the “no gains, no loss” (NGNL) rule to reform taxation in decentralized finance (DeFi) protocols. Dubbed the “Tax treatment of cryptoasset loans and liquidity pools,” the legislation overhauls the highly criticized 2022 “dry tax” model, which triggered tax liabilities with every token …

The post Crypto Regulations India 2026 appeared first on Coinpedia Fintech News

India has one of the biggest crypto markets in the world, and still no dedicated crypto law. You can legally trade it, it isn’t legal tender, and instead of one regulator calling the shots, there are several government bodies pulling in different directions. That tension came to a head this year. January brought a big …