Here are the latest news updates on crypto for today, July 11, 2025:
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🛡️ 1. ESMA Emphasizes "Halo Effect" & Risks of Halo Effect
ESMA highlights the practice of "halo effect" where licensed crypto service providers (CASP) use their regulatory status to sell unregulated products, which can confuse investors about the level of protection under MiCA. They require full transparency at every point of client interaction.
From peer review, ESMA also responded to the licensing process in Malta which is only "partially compliant," urging MFSA to tighten risk assessment and governance.
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🇮🇳 2. RBI Prepares Crypto Policy in India
The Reserve Bank of India (RBI) is monitoring global trends to prepare a draft domestic crypto policy, triggered by a wave of pro-crypto regulations in the US (national Bitcoin strategy, etc.). This could be a sign of stricter or adaptive regulations coming to India.
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🏛️ 3. US – Upcoming Crypto Legislative Week
The US legislative process is working on three crypto bills: GENIUS Act (stablecoin), CLARITY Act (definition of digital assets, CFTC oversight), and Anti-CBDC Act (preventing digital dollar by Fed). This is predicted to provide continued momentum for ETFs and Bitcoin prices.
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💥 4. Series of US Tariff Impacts & Crypto
Although the US plans high import tariffs (35% on Canada, 15-20% on other countries), investors continue to hunt for crypto: Bitcoin reached a record of US$118k–118.86k and related stocks like MicroStrategy and Coinbase surged in pre-market.
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🧩 5. CARF / DAC8: Global Crypto Tax Transparency
OECD and EU are competing to implement the Crypto-Asset Reporting Framework (CARF) / DAC8 for automatic tax reporting, starting in 2026 (reporting in 2027). Crypto platforms are required to collect tax ID and wallet address of users.
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