Author: Kelvin Munene

US Treasury Secretary Scott Bessent Urges Congress to Pass CLARITY Act as Senate Debate Stalls U.S. Treasury Secretary Scott Bessent urged Congress to pass the CLARITY Act, saying the United States needs clear federal rules for digital assets. He said uncertain regulation has made it harder for crypto firms to operate in the country and has pushed more activity to markets with clearer legal standards. His latest appeal comes as lawmakers continue to debate the bill in the Senate after the House approved its version in July 2025. Bessent said the current framework leaves digital asset companies without enough certainty…

SWIFT Expands Blockchain Ledger Initiative With more than 40 Banks and 2026 Go-Live Plan SWIFT is advancing its blockchain ledger project as banks increase work on tokenized payments and faster cross-border settlement. The network says more than 40 financial institutions are involved, while the first version is being built for real-world use in 2026. The effort comes after SWIFT’s broader payments upgrades and its ISO 20022 migration milestone in late 2025. SWIFT moves blockchain ledger project toward 2026 launch SWIFT said on March 30, 2026, that it had completed the design phase of its blockchain-based shared ledger and had started…

India reviews past crypto tax filings as Section 148A notices flag unreported income and data gaps India’s tax authorities are increasing their review of past cryptocurrency filings after data checks flagged possible mismatches in reported income. Some traders have received notices under Section 148A of the Income Tax Act, a provision that allows officials to seek an explanation before reopening earlier returns.  Much of the current review appears linked to the financial year 2021–22, with exchange activity, bank transfers, and filed tax returns being compared more closely. India crypto tax notices focus on past filings Indian authorities are sending Section…

HypurrFi warns users to avoid its website after a suspected domain hijack scare. HypurrFi has warned users to stay away from its website and lending platform after it detected a possible domain hijacking. The DeFi protocol said the issue appears tied to its front-end domain and not its core blockchain systems. It also said there is no evidence at this stage that user funds have been affected. HypurrFi warns users to avoid its platform HypurrFi issued a public alert after spotting what it described as a possible compromise of its main domain. The team asked users not to visit the…

India’s Crypto Policy Paper Faces Delay as RBI Backs Digital Rupee Focus India’s long-awaited cryptocurrency policy paper is likely to be delayed indefinitely, as the Reserve Bank of India maintains its opposition to private digital assets. Government officials now appear to prefer existing oversight tools, including taxation and anti-money laundering monitoring, instead of moving ahead with a separate framework. Meanwhile, official focus is increasingly shifting toward the Reserve Bank of India’s central bank digital currency, the digital rupee. BREAKING: 🇮🇳 India’s long-awaited crypto policy paper is likely shelved for now amid RBI resistance. Government says existing steps like crypto taxes…

Women Join India Crypto Futures Boom as Gen Z Accounts for 61% of New Traders Gen Z investors are taking a larger role in India’s crypto futures market, according to a joint study by Pi42 and Hashed Emergent. The report says traders aged 18 to 25 made up 61% of new entrants during 2025, while women’s participation rose 20% year over year. It also shows that trading activity is spreading beyond major cities, with eastern India and smaller urban centers adding more users. Gen Z leads growth in India crypto futures trading The study draws on data from more than…