The crypto landscape in India remains a grey area, with the Asian superpower yet to establish a comprehensive crypto regulation framework. However, recent developments indicate that India is moving toward stricter oversight of the cryptocurrency industry.
The Financial Intelligence Unit of India (FIU-IND) has ordered all crypto exchanges operating in the country to update their users’ Know Your Customer (KYC) details by June 30, 2025. This move is seen as part of India’s broader efforts to strengthen crypto regulation and ensure tax compliance.
Why the FIU Is Updating KYC Rules
According to reports, a Financial Intelligence Unit investigation revealed that several users and exchanges were not adhering to the 1% TDS (Tax Deducted at Source) rules applicable to crypto transactions. To address this, the FIU-IND mandated that all crypto exchanges must reverify and update user accounts to prevent violations of the Prevention of Money Laundering Act.
June 30 Deadline: What Crypto Users and Exchanges Need to Do
Crypto exchanges must now request users to reverify their KYC details, including submitting essential information such as their Permanent Account Number (PAN), before the June 30 deadline. Failure to comply may lead to regulatory action.
Crypto Industry’s Reaction
Leading global and local exchanges, including Binance, have already begun notifying users about the KYC re-verification process. Local blockchain advocacy group Bharat Web3 Association welcomed the FIU-IND’s directive, stating that it would enhance transparency and security in the sector.
Edul Patel, CEO of Mudrex, emphasized the importance of educating users about tax obligations alongside KYC compliance, highlighting a growing focus on responsible crypto usage.
India’s Broader Crypto Regulation Efforts
Despite the FIU’s action, India’s overall crypto regulation framework is still under development. The Reserve Bank of India is reportedly preparing a discussion paper that will outline the government’s approach toward regulating the crypto sector.
Industry leaders like Sudhakar Lakshmanaraja view the recent FIU move as a positive sign, suggesting that India is serious about creating a clear and structured crypto regulatory environment.
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The cryptocurrency market has always been a place for bold moves and unprecedented success stories. In recent years, two names have captured the spotlight: Dogecoin, a coin that started as a joke but rose to fame thanks to its passionate community, and Skyren DAO, a decentralized airdrop collection platform that has quickly gained momentum. As the next Bitcoin bull market approaches, both projects stand out for different reasons, yet their rise echoes similar themes of community support, innovation, and market impact.
The Meteoric Rise of Dogecoin
Dogecoin’s journey has been remarkable. Launched as a lighthearted take on cryptocurrency, it quickly gained a cult following with its Shiba Inu mascot and the viral “Doge” meme. However, Dogecoin’s success goes beyond its fun image; it has established itself as a staple of the crypto world.
Dogecoin’s value surged in 2021, driven by support from high-profile figures like Elon Musk, who called it the “people’s crypto.” This endorsement, combined with the strong Dogecoin community, propelled it to new heights. Despite its meme origins, Dogecoin has found real-world applications in tipping creators and enabling microtransactions due to its low fees and fast transaction times.
Skyren DAO: A New Approach to Decentralized Finance
Skyren DAO offers a different vision for the crypto market. As the world’s first airdrop collection DAO, Skyren focuses on providing its token holders with passive income opportunities by collecting and distributing airdrops from multiple blockchain projects. The project emphasizes transparency, decentralization, and financial rewards.
What makes Skyren DAO stand out?
Airdrop Collection: Holders of the SKYRN token automatically qualify for airdrops from partner projects.
High APY Returns: Skyren anticipates an average return of 216% APY with all earning events included.
DAO Governance: Token holders have a voice in key decisions, ensuring transparency and a community-driven approach.
Automated Income: The platform leverages smart contracts to automate income distribution.
Skyren DAO’s presale Phase 5 is currently live, with the price at $0.048 per SKYRN token, set to increase to $0.052 in the next phase. With a total of 5,000,000 tokens available and a projected launch price of $0.16, early investors are positioning themselves for significant potential returns.
Audits from Cyberscope and Solidproof demonstrate the platform’s commitment to security and transparency.
What Crypto Enthusiasts Are Saying About Skyren DAO
Skyren DAO has generated positive attention in the crypto community, with influencers and analysts praising its innovative approach. For example, Crypto Chino has highlighted the project’s focus on airdrop rewards and DAO governance, showcasing it as a unique and promising opportunity in the rapidly evolving DeFi space.
In addition, Skyren’s dedication to security and transparency is backed by multiple audits, ensuring investor confidence and trust.
Dogecoin and Skyren DAO: A Tale of Two Crypto Success Stories
Dogecoin and Skyren DAO may have different origins and approaches, but both projects showcase the power of community and innovation in the crypto market. While Dogecoin has captured hearts with its playful image and accessibility, Skyren DAO has carved a niche for itself by focusing on airdrop rewards and decentralized governance.
As the next Bitcoin bull market approaches, these two projects offer unique opportunities for investors seeking growth, rewards, and financial empowerment.
The post Dogecoin Popularity Echoes Skyren DAO’s Rise in Bitcoin Bull Market appeared first on Coinpedia Fintech News
The cryptocurrency market has always been a place for bold moves and unprecedented success stories. In recent years, two names have captured the spotlight: Dogecoin, a coin that started as a joke but rose to fame thanks to its passionate community, and Skyren DAO, a decentralized airdrop collection platform that has quickly gained momentum. As …
The rollout will simplify international money transfers and trade flows, especially between Kyrgyzstan, neighboring Central Asian countries, and members of the Eurasian Economic Union (EAEU).
“This Memorandum of Understanding represents a shared vision for leveraging blockchain technology to create sustainable economic opportunities, improve financial inclusion, and advance the freedom of money in Kyrgyzstan,” Kyrylo Khomiakov, Regional Head of CEE, Central Asia, and Africa at Binance, said.
Beyond crypto payments, the initiative prioritizes public education. Binance Academy will collaborate with the Investment Agency to develop financial literacy programs tailored to both institutions and everyday citizens.
These efforts aim to equip Kyrgyzstan residents with the knowledge needed to navigate digital assets and Web3 technologies.
The educational programs will cover a range of topics, from basic crypto awareness to more advanced digital finance concepts.
According to the exchange, this move is part of a larger plan to empower local entrepreneurs and foster innovation within the country’s tech sector.
Farhat Iminov, head of the National Investment Agency, described the partnership as a forward-thinking step toward building a robust digital finance ecosystem.
He emphasized the importance of establishing a solid framework for crypto adoption and improving access to financial knowledge.
This move marks another milestone in Binance’s growing role as a crypto policy partner for governments.
Solaxy Price Prediction – As Solana’s first Layer-2 scaling solution, Solaxy might speed up transactions and cut fees, something the Solana network has struggled with during periods of heavy traffic.
With over $27 million raised in its ICO, there’s already strong interest, and if Solana’s ecosystem keeps growing, $SOLX could be in for a solid run.
DeepNet AI ($DPN), meanwhile, could also get traction with its own Layer-2 solution for AI applications.
By potentially providing the infrastructure for decentralized AI projects, DeepNet AI sits at the intersection of two booming industries — blockchain and artificial intelligence — and could become a key player in powering future AI-driven dApps.
Let’s check out the deets.
Solaxy Price Prediction: Could $SOLX Pump After Listing with Successful ICO?
Solaxy ($SOLX) is developing Solana’s first Layer-2 scaling solution to try and help Solana handle more transactions without slowing down or driving fees too high. By processing transactions off-chain before settling them on Solana’s mainnet, Solaxy could make things faster and cheaper, especially during busy periods when the network gets clogged.
The idea sounds promising, especially for developers working on dApps, DeFi protocols, or NFT marketplaces that rely on fast, low-cost transactions. Solaxy’s presale pulled in over $27 million, which shows there’s plenty of interest — but that doesn’t mean it’s a guaranteed win.
As for its price potential, $SOLX could see some action after its listing, especially if Solana’s ecosystem picks up steam. But without major partnerships or clear signs of developer adoption, it’s hard to say if that momentum will last.
If you’re weighing your options, DeepNet AI is another project that might be worth watching. It’s building a Layer-2 solution specifically for AI-driven applications, a space that’s heating up fast, and could be interesting to keep on your radar.
DeepNet AI Is Potentially Building The Future of AI on Blockchain with a Layer-2 Solution
DeepNet AI could lead the next blockchain revolution by creating the foundation for AI applications.
This Layer 2 solution could support AI-powered dApps, agent economies, and machine learning systems that need fast, scalable, and decentralized infrastructure.
What makes DeepNet special is its timing, launching right as AI adoption is taking off globally. The global AI market is expected to hit $1.3T by 2030, and over 78% of companies are already using AI in their business operations, creating real market demand.
The AI agent’s economy is set to grow from $5.1B in 2024 to an impressive $47.1B by 2030 (a 44.8% growth rate), according to recent research. This could make DeepNet a hot topic in the coming months.
The platform could provide four main benefits – better scalability, lower transaction fees, compatibility with Ethereum Virtual Machine (EVM), and connection to the trillion-dollar AI market.
The EVM compatibility is crucial because it could enable developers to move their Ethereum-based apps to DeepNet without starting over. This may create opportunities for DeFi, CeFi, and NFT markets to benefit from AI apps.
DeepNet’s Mainnet Launch Is Just Around the Corner – Could This Also Help It Gain Traction?
DeepNet AI is already catching momentum quickly with an active testnet that shows impressive numbers – 60,064 total transactions, 60,064 total blocks, 2,334 wallet addresses, and an average block time of just 2 seconds with a gas fee of 1 Gwei.
The mainnet launch is coming soon, and it could further build anticipation among users. DeepNet is now listed on CoinMarketCap with active trading on Uniswap, and there are rumors about potential centralized exchange listings soon.
$DPN is trading right at $0.9692, reflecting a 210% growth in one day, making it worth keeping an eye on in the following weeks.
The project is also ramping up its marketing efforts, and it could potentially reach more users just as the market shows signs of recovery.
The Bottom Line
Solaxy might see some post-listing buzz, but without strong developer adoption, it’s hard to say if that momentum will stick. It’s one of those projects that could go either way.
Meanwhile, DeepNet AI could tap into something far more concrete — the growing demand for AI-powered blockchain apps.
With its Layer-2 solution designed specifically for AI-driven projects, DeepNet AI could build the tech that may power the next wave of decentralized innovation.
This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.
The post Solaxy Price Prediction: Could $SOLX Pump After Listing While DeepNet AI Already Rallies? appeared first on Coinpedia Fintech News
Solaxy Price Prediction – As Solana’s first Layer-2 scaling solution, Solaxy might speed up transactions and cut fees, something the Solana network has struggled with during periods of heavy traffic. With over $27 million raised in its ICO, there’s already strong interest, and if Solana’s ecosystem keeps growing, $SOLX could be in for a solid …
