Did you know? BNB Chain isn’t just one blockchain, it’s an ecosystem of three designed to offer a holistic solution for builders.Each plays a distinct role in powering the next generation of Web3 apps.Let’s break it down 🧵 https://t.co/m4rIZoEWEl ...

Core Insights - India's regulatory environment for digital currencies is characterized by a preference for Central Bank Digital Currencies (CBDCs) over decentralized cryptocurrencies, despite having the highest grassroots cryptocurrency adoption rate globally [1][2][5] Regulatory Environment - The Indian government is cautious about cryptocurrencies due to concerns over financial stability, illicit activities, and monetary sovereignty, leading to high taxation on crypto transactions [2][7] - Cryptocurrencies are not illegal in India but operate under a heavily taxed framework, with a flat 30% tax on gains from Virtual Digital Assets (VDAs) and additional taxes on transfers and platform fees [6][7] Adoption and Usage - India ranks first in the Chainalysis Global Crypto Adoption Index, driven by a young, tech-savvy population engaging in crypto for trading, savings, and remittances, despite regulatory challenges [4][5] - The Asia-Pacific region, led by India, experienced a 69% year-over-year increase in crypto transaction volume, reaching $2.36 trillion in the year ending June 2025 [4] Central Bank Digital Currency (CBDC) - The digital rupee (e₹) has seen significant growth, with circulation reaching ₹10.16 billion ($122 million) by March 2025, marking a 334% increase from the previous year [10] - The Reserve Bank of India (RBI) advocates for CBDCs as a safer alternative to cryptocurrencies, emphasizing their programmability for welfare transfers and compliance with anti-money laundering laws [12][13] Government Stance - Indian officials have expressed a commitment to developing a fully RBI-guaranteed digital currency, criticizing "unbacked cryptocurrencies" and promoting financial inclusion and faster settlements [11] - Recent discussions have indicated a potential ban on private cryptocurrencies, with officials asserting that CBDCs can fulfill the functions of cryptocurrencies with greater control and reduced risks [9] Global Context - While India maintains a cautious stance on cryptocurrencies, other regions like the U.S. and EU are advancing pro-crypto regulations, highlighting a contrast in regulatory approaches [12] - In neighboring countries like Pakistan, there is a more positive outlook towards crypto and blockchain, although meaningful actions to support the industry are still lacking [15]

Technology & Platform - Sui Network is highlighted as a suitable blockchain for gaming development [1] Key Personnel - Mysten Labs Co-Founder and CTO Sam Blackshear (@b1ackd0g) promotes Sui Network [1] Sponsorship - Stablecoin sponsors CoinDesk media network [1]

Blockchain Technology & Decentralization - Blockchain 提供全球范围内的理想货币政策、支付、智能合约和实体形成途径 [1] - 该系统由不可腐败且透明的计算机法官执行，并基于纯粹自愿原则加入 [1] Free Market Capitalism - 自由市场资本主义促进人才发展 [2] - 自由市场资本主义使寻找和鼓励人才变得有利可图 [2]

RT Nick Szabo (@NickSzabo4)It doesn't require day-to-day low-price payments to be a good store of value. That would just be a cherry on top as far as the SoV function goes. Besides its own properties in being more trust-minimized (far superior in this regard to any other major blockchain), more global, and with dilution approaching zero, being able to exchange it for other assets after a long HODL is sufficient to be a good SoV. ...

Industry Focus - The report by Citi focuses on the future of custody and settlement in an always-on financial system [1] - The report emphasizes the necessity of interoperable standards for 24/7 collateral mobility across blockchains [1] Key Personnel - Sergey Nazarov is featured in Citi's report [1]

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🔥 NEW: S&P launches the Digital Markets 50 Index, offering diversified exposure to top crypto and blockchain-related stocks. https://t.co/Lc3lKmTOn5 ...

ZKsync launches Atlas upgrade to support enterprise and institutional blockchains https://t.co/4qAtepVeHE ...

💥BREAKING:BNB Chain tops all blockchains in 24H fees.Probably nothing. https://t.co/TrtthHDfCU ...