๐Ÿ‡ฎ๐Ÿ‡ณ Indiaโ€™s Crypto Landscape #wif #WCT

1. Upcoming Crypto Regulation Paper

The Indian government is set to release a comprehensive discussion paper on cryptocurrency regulation in June 2025. This paper aims to outline policy options for regulating crypto assets, drawing from international standards and seeking public consultation.

2. Industry Push for Tax Reforms

India's cryptocurrency industry is advocating for tax reductions to revive domestic trading. The current 30% capital gains tax and 1% transaction levy have led to a significant shift of Indian crypto trading overseas. The industry's renewed optimism follows U.S. President Donald Trump's support for digital currencies, which has seemingly softened New Delhi's stance.

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๐Ÿ›ก๏ธ Security and Enforcement Actions

3. Coinbase Data Breach Linked to Indian Firm

A major data breach affecting cryptocurrency exchange Coinbase has been traced back to a leak at an Indian outsourcing firm, TaskUs. A TaskUs employee in Indore was caught photographing customer data, leading to potential losses estimated at $400 million. Over 200 TaskUs employees were subsequently fired.

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๐Ÿ“ˆ Market Trends

4. Bitcoin Reaches All-Time High

Bitcoin hit an all-time high of $112,000 in May 2025, marking a significant resurgence from its 2022 lows. This surge is attributed to factors like the U.S. planning a strategic Bitcoin reserve and the SEC dropping charges on major crypto exchanges.

5. Top Cryptocurrencies to Watch in June 2025

According to ZebPay, the top cryptocurrencies to consider investing in this month include:

Bitcoin (BTC) โ€“ $104,104.75

Ethereum (ETH) โ€“ $2,494.68

Binance Coin (BNB) โ€“ $654.31

Solana (SOL) โ€“ $153.86

Ripple (XRP) โ€“ $2.14

Dogecoin (DOGE) โ€“ $0.1901

Cardano (ADA) โ€“ $0.6698

Avalanche (AVAX) โ€“ $20.40

Shiba Inu (SHIB) โ€“ $0.00001276

Polkadot (DOT) โ€“ $4.01

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If you need more detailed information on any of these topics or have specific questions, feel free to ask!