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Bivash Pramanick
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Bivash Pramanick
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#DigitalAssetBill Shaping India’s Digital Asset Future The Digital Asset Bill 2025 is a pivotal piece of legislation aimed at regulating India’s rapidly growing digital asset market, which includes cryptocurrencies, #nft s, and tokenized assets. With India’s digital asset user base projected to reach 107.30 million by 2025, the need for a robust regulatory framework has never been more urgent. This bill seeks to balance innovation with investor protection, addressing challenges like fraud, money laundering, and market volatility while fostering a secure environment for growth. Key Provisions of the Digital Asset Bill 2025 While the full text of the Digital Asset Bill 2025 is not yet public, insights from recent developments, such as the Income Tax Bill 2025 and global regulatory trends, provide a glimpse into its potential framework: Definition of Virtual Digital Assets (VDAs): Building on the Income Tax Bill 2025, the Digital Asset Bill likely defines VDAs as any cryptographic token, code, or number representing value, explicitly including NFTs. This aligns with the OECD’s Crypto-Asset Reporting Framework (CARF), ensuring clarity for tax and compliance purposes. Regulatory Oversight: The bill may establish a National Virtual Assets Regulatory Commission, similar to proposals in Pakistan’s Virtual Assets Bill 2025, to oversee exchanges, enforce anti-money laundering (AML) and Know Your Customer (KYC) norms, and license virtual asset zones for trading. Central Bank Digital Currency (CBDC): The bill is expected to formalize the Digital Rupee (e₹), India’s CBDC, which has been in pilot mode since 2022. The Reserve Bank of India (RBI) aims to modernize payments with blockchain, offering efficiency and transparency while maintaining state control. $BTC $ETH $BNB
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#BTCRebound #BTC Bitcoin ($BTC ): Testing Key Levels Current Price: $99,887.18 (+4.18% in 24 hours) Market Cap: $1.98T24-Hour Trading Volume: $78.06B Bitcoin’s price action remains a focal point for traders. On the daily chart, $BTC is trending bearish, with the 50-day moving average sloping downward and acting as potential support below the current price. However, the 200-day moving average, trending upward since January 5, 2025, signals a strong long-term bullish trend. The Relative Strength Index (RSI) sits in the neutral 30-70 zone, indicating room for movement in either direction. Prediction: Bullish Case: If Bitcoin holds above the $99,000 support and breaks the $100,000 psychological barrier, it could target $105,000-$110,000 in the near term, driven by institutional accumulation and positive sentiment around U.S. crypto-friendly policies. Bearish Case: A failure to hold $99,000 could see $BTC retest the $95,000 level, especially if broader market sentiment turns cautious. Long-Term Outlook: Analysts predict BTC could reach $161,105 by year-end 2025 and $405,789 by 2030, fueled by adoption and Bitcoin’s role as a store of value. Key Factors to Watch: U.S. regulatory developments, particularly comments from pro-crypto SEC appointees like Paul Atkins. On-chain metrics, such as Bitcoin staking on EVM chains, which have surged in 2024. Potential stock market corrections, as warned by analysts like Max Keiser, which could impact BTC’s short-term trajectory. #BTCRebound #BinanceAlphaAlert #DigitalAssetBill
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