Connect with us

Crypto

No Crypto Tax Cuts in India Budget 2026, New Penalties Introduced for Non-Compliance

Published

on

India Budget 2026

The post No Crypto Tax Cuts in India Budget 2026, New Penalties Introduced for Non-Compliance appeared first on Coinpedia Fintech News

India’s Union Budget 2026 has kept the existing crypto tax framework unchanged, even as the government moved to tighten compliance through stricter penalties. While oversight has increased, industry leaders say the Budget missed a key opportunity to support long-term growth in crypto and Web3.

The Finance Bill introduces penalties to enforce reporting under Section 509 of the Income-tax Act, 2025. Union Finance Minister Nirmala Sitharaman said the aim is to deter non-compliance in crypto-asset reporting.

Under the amendment, entities that fail to file crypto transaction statements will face a ₹200 per day penalty, while furnishing incorrect or misleading information — or failing to correct it — will attract a ₹50,000 fine. These provisions will take effect from April 1, 2026.

“Tax Regime Remains Restrictive”

Reacting to the Budget, Sathvik Vishwanath, Co-founder and CEO of Unocoin, said expectations from Budget 2026 were much broader than enforcement alone.

“The Union Budget 2026 was expected to play a decisive role in shaping India’s approach to crypto assets and Web3 technologies,” he said in an interview with Coinpedia. “A primary expectation was the rationalisation of the existing tax regime for virtual digital assets, which is currently restrictive and misaligned with broader financial market practices.”

Sathvik added that allowing loss set-offs, reducing transaction-level friction, and aligning crypto taxation with other asset classes would have helped restore domestic liquidity and encourage compliant participation within India.

Regulatory Clarity Still Missing

Beyond taxes, Sathvik stressed that the lack of a clear regulatory framework continues to hurt Indian exchanges.

“The absence of a comprehensive, crypto-specific framework has created uncertainty for exchanges, investors, and technology developers,” he said. “Clear definitions, licensing norms, compliance standards, and consumer protection mechanisms are essential for long-term planning and responsible innovation.”

He warned that unclear rules have already reduced local trading volumes and pushed users to offshore platforms.

“A well-defined framework would help retain market activity within India, strengthen domestic exchanges, and improve regulatory oversight,” Sathvik said.

How India Compares Globally

Sathvik also opened up about how India lags behind global crypto hubs. He pointed out that Dubai has introduced purpose-built digital asset regulations, while Singapore follows a structured licensing and consumer protection model. The United States, despite earlier fragmentation, is gradually moving toward clearer asset classification.

“Compared to these jurisdictions, India’s current framework lacks the clarity and cohesiveness required to compete effectively for global capital, talent, and innovation,” he said.

Continue Reading
Advertisement
Disclaimer

The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Crypto

ONDO Price Surges Following SEC Announcement—Will It Reach $1 Next?

Published

on

The post ONDO Price Surges Following SEC Announcement—Will It Reach $1 Next? appeared first on Coinpedia Fintech News

The crypto markets are once again shifting their focus toward the rapidly growing real-world asset (RWA) sector, and ONDO appears to be leading the narrative. The token witnessed a sharp bullish breakout, surging over 15% in a single day, while trading volume exploded by more than 130%.

The rally gained momentum shortly after a fresh SEC-related announcement sparked optimism across the tokenised asset space. While the broader implications of the development remain significant, the impact on ONDO has been immediate. With bullish sentiment returning and the tokenised asset narrative accelerating, ONDO has become one of the strongest-performing RWA cryptos.

Traders are now closely watching whether this catalyst can fuel the next leg of the ONDO price rally and push the price toward the long-awaited $1 milestone.

Why ONDO Is Leading the Tokenised Asset Narrative Following the SEC Announcement

The SEC’s latest move around tokenised securities has injected fresh momentum into one of crypto’s fastest-growing narratives—tokenised stocks and real-world assets. While the announcement has broadly strengthened sentiment across the sector, ONDO appears to be emerging as one of the biggest beneficiaries of the development. Unlike many speculative RWA projects, ONDO already holds a dominant position within the tokenised asset ecosystem. 

Data from Token Terminal shows Ondo Finance leading the tokenised stock narrative by a significant margin. 

ondo price

The broader tokenised asset market has also witnessed exponential growth over the past year, with tokenised stocks surpassing $1.5 billion in market capitalisation. Ondo Finance currently commands the largest share within this segment, reinforcing the belief that the protocol is well-positioned to capitalise on the next phase of institutional adoption. With this, the market appears to be shifting from the speculative memecoins to fundamentally-backed real-world assets. Ondo is now being viewed as the sector leader, rather than just another altcoin. 

ONDO Price Gearing Up for a 15% Surge

The ONDO price has witnessed a parabolic rally since the beginning of the year before entering a brief corrective phase. However, bullish momentum returned sharply after the SEC approved an innovation exemption for blockchain-based securities. As a result, ONDO broke above the key resistance at $0.36, opening the door for a move toward a major resistance zone. A breakout above this range could eventually propel the token toward fresh yearly highs.

ondo price

As seen in the chart above, the ONDO price rebounded strongly after a brief correction as buyers stepped in near a key local support zone. The renewed demand boosted buying pressure, while trading volume also recorded a sharp rise. Meanwhile, the On-Balance Volume (OBV) has been climbing steadily since the beginning of the month, reinforcing the increase in buying activity. As a result, ONDO appears poised to maintain its healthy uptrend and test the crucial resistance zone between $0.44 and $0.46. A breakout above this range could trigger a rally beyond $0.50 in the near term.

Key Levels to Watch for the ONDO Price

  • Immediate Support: $0.36 to $0.35
  • Major Resistance Zone: $0.44 to $0.46
  • Breakout Confirmation Level: Above $0.46
  • Psychological Resistance: $0.50
  • Higher Resistance Target: $0.52 to $0.53

Will the SEC Catalyst Push ONDO Price to $1?

The latest SEC-driven optimism has reignited momentum across the tokenised asset sector, with ONDO emerging as one of the strongest beneficiaries of the narrative. The sharp recovery from support, rising trading volume, and strengthening OBV suggest buyers continue to dominate the trend. However, the rally still needs to decisively clear the crucial $0.44 to $0.46 resistance zone before a larger breakout can unfold. 

If bullish momentum persists and the tokenised asset narrative continues gaining traction, the ONDO price could gradually build the foundation for a long-term move toward the $1 milestone.

Continue Reading

DeFi

Crypto21 hours ago

Crypto Market Faces Liquidations and Altcoin Rotation

The cryptocurrency market experienced a sharp risk-off move over the weekend, triggering more than $580 million in liquidations across major...

DeFi22 hours ago

Hyperliquid (HYPE) Surges on ETF Launches and Momentum

Hyperliquid’s native token HYPE has delivered strong gains in recent sessions, climbing approximately 7-9% (with intraday spikes exceeding 15-20% amid...

Crypto4 days ago

CLARITY Act Advances in Senate Banking Committee with 15-9 Bipartisan Vote

In a major legislative breakthrough, the U.S. Senate Banking Committee approved the Digital Asset Market Clarity (CLARITY) Act on May...

Crypto4 days ago

Record $635M Outflows from U.S. Spot Bitcoin ETFs

U.S. spot Bitcoin ETFs recorded their largest single-day outflows since late January, with approximately $635 million exiting the products on...

Crypto4 days ago

Tokenized U.S. Treasuries Surpass $15 Billion Milestone

The tokenized U.S. Treasuries sector has reached a historic milestone, surpassing $15.35 billion in total value locked (TVL) as of...

Bitcoin6 days ago

CLARITY Act: 309-Page Bill Text Released Ahead of Key Senate Markup

The U.S. Senate Banking Committee has publicly released the full 309-page text of the Digital Asset Market Clarity (CLARITY) Act,...

Crypto6 days ago

MARA Holdings Sells $1.5 Billion in Bitcoin as It Pivots to AI Infrastructure

MARA Holdings (NASDAQ: MARA), one of the largest publicly traded Bitcoin mining companies, sold approximately 20,880 BTC worth $1.5 billion...

DeFi6 days ago

Hotter-Than-Expected CPI Data Pressures Crypto Prices Amid Iran Ceasefire Concerns

Soaring U.S. inflation data released on May 12, 2026, triggered a risk-off move across global markets, weighing on cryptocurrency prices...

Bitcoin1 week ago

Pudgy Penguins and Blue-Chip NFTs Show Strong Revival in Demand – Affordable Options Emerge on Terra Classic

Blue-chip non-fungible tokens (NFTs) are experiencing a notable resurgence in demand, with Pudgy Penguins leading the charge alongside other established...

DeFi1 week ago

Bored Ape NFTs (BAYC) and Blue-Chip Collections Show Revival in Demand

Blue-chip non-fungible tokens (NFTs) are experiencing a notable resurgence in demand, with floor prices for flagship collections such as Bored...

Advertisement

Trending