IndianCryptoTrends

Justice N Anand Venkatesh explained that cryptocurrencies are identifiable, transferable, and controlled exclusively through private keys, making them a kind of property.
The Madras High Court has ruled on Saturday that cryptocurrency counts as property under Indian law. This means people can own it and even hold it in trust. Justice N Anand Venkatesh said that although cryptocurrencies are not physical objects or legal currency, they still have all the main features of property.
“There can be no doubt that ‘crypto currency’ is a property. It is not a tangible property nor is it a currency. However, it is a property, which is capable of being enjoyed and possessed (in a beneficial form). It is capable of being held in trust,” the Court said.
Justice Venkatesh explained that cryptocurrencies are identifiable, transferable, and controlled exclusively through private keys, making them a kind of property. He also cited Section 2(47A) of the Income Tax Act, 1961, which recognises cryptocurrencies as “virtual digital assets.” The Court noted: “In Indian law regime, the crypto currency is treated as a virtual digital asset and it is not treated as a speculative transaction.”
#WriteToEarnUpgrade #MarketRebound #StablecoinLaw #IndianCryptoCommunity #IndianCryptoTrends

In the dynamic world of cryptocurrency, Tether has emerged as a colossal force, blending staggering profitability with ambitious global expansion. With a lean team of around 150 employees serving over 400 million users, Tether’s $13 billion profit in 2024 underscores its status as a financial juggernaut, rivaling giants like Visa and BlackRock in efficiency and scale. This article explores Tether’s meteoric rise, its strategic investments, and the visionary leadership driving its evolution.
Unprecedented Profitability and Market Dominance
Tether’s success is anchored in its flagship product, USDT, a stablecoin pegged to the U.S. dollar. As the most widely used stablecoin, USDT commands 61.9% of the market, with a circulation exceeding $144 billion. Its appeal lies in its dual role: a hedge against inflation in volatile economies like Venezuela and Turkey, and a versatile medium in global finance.
A significant profit driver is Tether’s massive holdings of U.S. Treasury bonds. In 2024 alone, Tether purchased $33.1 billion in Treasuries, ranking as the seventh-largest buyer globally—surpassing nations like Germany and Saudi Arabia. By year-end, its Treasury portfolio totaled $94 billion, capitalizing on high-interest rates to fuel returns.
The Architect: Giancarlo Devasini’s Unlikely Journey
Behind Tether’s ascent is Giancarlo Devasini, a former plastic surgeon turned crypto mogul. With a 47% stake in Tether, Devasini’s net worth exceeds $9 billion, yet he remains an enigmatic figure, residing discreetly in Switzerland. His pivot from medicine to tech began in the 1990s, navigating ventures from electronics imports to co-founding Bitfinex, a crypto exchange pivotal to Tether’s 2014 launch.
Devasini’s strategic acumen is legendary. He forged critical banking partnerships for Bitfinex and spearheaded Tether’s growth, even securing alliances with entities like Alameda Research. Despite regulatory scrutiny—including ties to Cantor Fitzgerald’s Howard Lutnick—Devasini steers Tether’s macro strategy, emphasizing USDT’s integration into global digital economies.
Diversification: Mining, Media, and Beyond
Tether’s ambitions extend far beyond stablecoins. Since 2021, it has invested over $4.7 billion across 22 ventures, targeting sectors like mining, media, and agriculture:
- Mining: Over $2.1 billion injected into firms like Northern Data AG and Bitdeer, securing stakes in energy and infrastructure.
- Media: A $775 million investment in Rumble, a platform linked to U.S. political circles, highlighting strategic alliances.
- Agriculture: Acquiring 70% of Argentina’s Adecoagro ($710 million) to bolster food security initiatives.
- Biotech: A $200 million majority stake in Blackrock Neurotech, exploring brain-computer interfaces.
These moves reflect a shift from crypto-centric projects to a broader, global portfolio, blending financial clout with geopolitical influence.
Challenges Ahead
As Tether expands, it faces mounting challenges: regulatory scrutiny, market competition, and the need to balance innovation with compliance. Its ability to navigate these hurdles—while maintaining USDT’s dominance and integrating new ventures—will define its future.
Conclusion
Tether’s journey from a niche stablecoin issuer

to a multifaceted global player is a testament to strategic vision and adaptability. Under Devasini’s shadow leadership, the company continues to redefine finance, merging crypto innovation with traditional investment prowess. Yet, in an evolving landscape, Tether’s greatest test lies in sustaining growth while weathering the storms of regulation and market dynamics.
#BinanceSquareFamily #InvestmentAccessibility #MarketPullback #IndianCryptoTrends #btc

📰 Qué reportan los medios
Según artículos como el de Reuters (“India File: Relegating Crypto to the Fringes”) se describe que:
Aunque India tiene una de las tasas de adopción de criptomonedas más altas del mundo (entre retail y usuarios jóvenes), el gobierno (y especialmente el RBI, banco central) está manteniendo una posición cautelosa.
No han prohibido cripto (“legalmente no ban”), pero tampoco lo han regulado completamente; están en una especie de limbo regulatorio.
El RBI se preocupa de que si se regula demasiado o se da reconocimiento legal fuerte, eso legitime el uso sin que se mitiguen los riesgos — de volatilidad, lavado de dinero, evasión, desestabilización monetaria, etc.
Mientras tanto, SEBI (el regulador del mercado de valores) parece tener una postura más moderada u abierta hacia alguna regulación de cripto, lo que crea diferencias internas en el enfoque regulatorio.
#India
⚙️ Causas / contexto que explican esa cautela
Algunos factores que están empujando a India a mantener esa posición de “márgenes” para cripto pese a la alta adopción:
1. Riesgos para la estabilidad financiera / monetaria
El RBI cree que si cripto se convierte en parte importante del sistema financiero formal, podría afectar el control sobre la oferta de dinero, la política monetaria, la estabilidad del rupee, etc.
2. Riesgos legales / de cumplimiento
Fraude, lavado de dinero, transferencia ilícita, anonimato, uso de exchanges no regulados, etc. India ve muchos retos en cómo supervisar esas transacciones.
3. Falta de modelo regulatorio claro
No hay todavía leyes comprehensivas, solo supervisión parcial, reglas de impuestos (ganancias de cripto están gravadas, hay deducción de fuente en algunas transacciones, etc.), requisitos de diligencia para exchanges que operan en India.
4. Preocupación por legitimación sin controles
El argumento del RBI y de algunas autoridades es que si regulas mucho sin tener todas las salvaguardas, corres el riesgo de legitimizar prácticas riesgosas que pueden derivar en problemas sistémicos.
5. Impuestos elevados / desincentivos para la especulación
Las ganancias de cripto están sujetas a impuestos relativamente altos (en muchos casos 30% sobre ganancias, etc.), lo que desincentiva algo de la especulación agresiva.
6. Presión de evitar que stablecoins u otros activos digitales fragmenten el sistema de pagos existente
En India, el sistema UPI (Unified Payments Interface) es fuertísimo, muy utilizado. Existe preocupación de que stablecoins u otras monedas digitales privadas puedan socavar o competir con ese sistema de pagos local, lo que podría complicar la política monetaria/regulatoria.
#SEBI
📈 Implicaciones para el mercado cripto
Riesgo regulatorio local alto: para quienes tienen exposure a cripto desde India (o inversores globales con muchos usuarios indios), existe incertidumbre de reglas, posibles restricciones, impuestos, cumplimiento obligatorio.
Volatilidad: noticias o rumores de regulación más dura pueden generar movimientos bruscos de precio, ventas preventivas.
Adopción más lenta institucionalmente: aunque retail está adoptando, instituciones grandes podrían estar esperando mayor claridad legal/regulatoria antes de incorporar cripto en balances o productos financieros.
Oportunidad si cambian postura: si India decide formalizar cripto, regularizar exchanges, reconocer stablecoins o dar mayor seguridad jurídica, podría haber un salto de demanda, pues hay una base grande de usuarios ya interesados.
#IndiaCrypto , #IndianCryptoTrends