RBI Pushes India Toward Crypto Ban as 73% of Trading Flees Offshore — DeFi

RBI Pushes India Toward Crypto Ban as 73% of Trading Flees Offshore

India’s central bank formally recommended banning cryptocurrencies and barring regulated financial institutions from crypto exposure, signaling prohibition as explicit policy. The stance deepens a regulatory fracture: while the government taxes crypto at 30%, lack of legal clarity has driven an estimated 73% of trading volume to offshore platforms, mirroring patterns from South Korea and China.

Russia Delays Crypto Legalization to 2027, Caps Retail Purchases at $4,000 — Bitcoin

Russia Delays Crypto Legalization to 2027, Caps Retail Purchases at $4,000

Russia’s cryptocurrency legalization framework won’t take effect until September 2026, with full regulations delayed until November and first regulated transactions expected in early 2027. The restrictive architecture requires all transactions through state-licensed intermediaries and caps retail investors at roughly $4,000 annually—a compliance exercise rather than genuine financial liberalization.

Brazil Reclassifies Crypto Platforms as Securities Brokers Starting 2027 — Regulation

Brazil Reclassifies Crypto Platforms as Securities Brokers Starting 2027

Brazil’s central bank has reclassified crypto service providers as Type 3 financial institutions, placing them on equal footing with traditional securities brokerages starting January 1, 2027. The phased regulatory approach mirrors the EU’s MiCA framework, with full supervisory integration required by mid-2028 and capital requirements between $2-7 million depending on firm size.