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Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why | Stock Market News

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Crypto industry players see light at end of tunnel despite regulatory vacuum. Here’s why | Stock Market News

The Ministry of Finance recently made it clear in a written reply in the Lok Sabha that the government is not considering a law to regulate the transaction of cryptocurrencies.

“Currently, there is no proposal to bring legislation for regulating the sales and purchase of virtual digital assets in the country,” Pankaj Chaudhary, Minister of State (MoS) in the Ministry of Finance, told the Lok Sabha via a written response.

It is interesting to note that this is not the first time that the government has been evasive about its commitment to establishing a regulatory framework for cryptocurrencies.

Union Finance and Corporate Affairs Minister Nirmala Sitharaman recently stated that there should be a global understanding on cryptocurrencies and merely rolling out regulations by one country was not going to make much headway into the space of regulations.

In November 2021, Sitharaman — in a reply to a question on bitcoin in Parliament — had said that the government has no proposal to recognise Bitcoin as a currency.

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What industry players think?

However, crypto industry participants are not too pessimistic about Chaudhary’s statement, which was released at the behest of the Finance Ministry since they pin hopes on a discussion paper on digital currencies likely to be released next month.

“The Department of Economic Affairs (DEA) secretary indicated just a few weeks ago that a discussion paper is likely to be released by September 2024. We remain optimistic and will look forward to this paper to better understand the potential next steps for the virtual and digital assets (VDA) sector in India,” says R Venkatesh, SVP and Head of Public Policy, CoinSwitch.

Likewise, Dilip Chenoy, Chairman of Bharat Web3 Association, also saw hope in the Department of Economic Affairs secretary’s recent comments about the upcoming discussion paper on VDA policy. “We look forward to studying the paper in detail when released for public consultation and offering our policy inputs. We applaud India’s leadership during the G20 Presidency last year in building consensus on crypto assets policy and adopting the G20 Roadmap on Crypto assets,” said Chenoy.

“We urge the government and regulators to take a lead in formulating a comprehensive regulatory regime for Web3/VDAs in India,” he added.

CoinDCX refused to comment on this development.

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It is interesting to note that the finance ministers of G20 nations in October 2023 adopted the synthesis paper released by the IMF-Financial Stability Board (FSB) the previous month.

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Latam Insights: Inside Argentina’s Tax Relief for Exchanges and El Salvador’s Growing Bitcoin Stack

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Latam Insights: Inside Argentina’s Tax Relief for Exchanges and El Salvador’s Growing Bitcoin Stack

President Milei Exempts Registered Crypto Exchanges From Argentina’s ‘Cheque Tax’

President Javier Milei has issued an executive order declaring tax exemptions for virtual asset service providers (VASPs) registered in Argentina. The measure aims to increase the inclusion of crypto exchanges in the Argentine financial products market, leveling the playing field with traditional institutions.

The “debt and credit” tax, commonly known as “cheque” in Spanish, affected flows going in and out of crypto exchanges since November 2021, when former President Alberto Fernández issued executive order 796/2021, which included traditional banks in these exemptions but explicitly excluded operations involving crypto assets.

Executive Order 475/2026 extends these exemptions to VASPs, stating that it was necessary to “adapt the regulations applicable to certain actors in light of technological advances and the resulting new regulatory framework, and, on the other hand, to equalize the conditions of entities that—while carrying out activities of a similar nature—are subject to different tax treatment.”

Cuba Passes 176 Historic Reforms to Open Its Economy to Private Banks and Real Estate

On Thursday, the National Assembly of Cuba passed a set of 176 reforms to liberalize the Cuban economy, which has traditionally been state-driven, and to open several sectors, including the financial sector, to private capital.

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The changes would allow private investment to enter real estate development on the island, enabling the state to sell part of its properties to national and foreign individuals and institutions, walking back the state-ownership exclusivity characteristic of the communist model.

The existence of private banks, overseen by the state, would also be allowed under these new rules, as the rise of businesses in Cuba with over 100 employees. This would pave the way for the surge of large private companies.

El Salvador Adds to Bitcoin Reserve Again as Daily Buys Push Stack Past 7,680 BTC

El Salvador has once again added to its Strategic Bitcoin Reserve, summing up its strategy in four words, i.e., “Buying the dip, every day.” The latest buy continues a routine that has become a defining feature of President Nayib Bukele’s economic policy.

The country’s reserve now stands at 7,687 BTC, valued at more than $510 million, according to recent counts. Bitcoin.com News reported that El Salvador has been treating market weakness as an invitation to add to its national stack, scooping up coins even as bitcoin slid close to $66,000.

Between January and April alone, authorities added more than 1,600 coins, consistent with a long-running policy of acquiring one bitcoin per day regardless of short-term volatility.

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Cryptocurrency News: Pepeto Nears Exchange Listing while the Cardano Price Prediction Could Flip After Hoskinson’s June Move

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Cryptocurrency News: Pepeto Nears Exchange Listing while the Cardano Price Prediction Could Flip After Hoskinson’s June Move

DUBAI, United Arab Emirates, June 20, 2026 (GLOBE NEWSWIRE) —

Pepeto moved into final preparation ahead of a major exchange listing, and the presale became the fastest closing raise of 2026 as rounds close inside days, because $10.29 million is raised, 170% APY staking runs live, three products are in production, and wallets are pouring in at a pace that tells the reader the sharpest capital has already locked the entry before the listing pulls the price out of reach forever.

The reason that capital is flowing this fast becomes clear the moment you check what the large caps are doing right now, since ADA is trading near six-year lows around $0.17 despite the highest stakes catalyst window in Cardano history, and every holder watching that gap should understand why the cardano price prediction and Pepeto keep landing together inside the same cryptocurrency news cycle this June.

Pepeto Exchange Listing Approaches While the Cardano Price Prediction Hangs on the June Rescue Plan

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Cardano just walked into the highest stakes quarter in its history because ADA dropped below $0.20 in over five years following Charles Hoskinson’s June 3 break announcement per Yahoo Finance, and the bleeding only stopped on June 18 when ADA touched a $0.148 six-year low while Hoskinson rolled out a 10% protocol revenue buyback plan per CoinDesk.

While the Ouroboros Leios testnet is set to launch on June 23 per CoinMarketCap and Grayscale’s ADA ETF window opens August 9, with the bull cardano price prediction stretching $0.30 to $0.37 and the bear path back toward $0.148.

But the data that actually matters is what failed to follow the catalysts, since ADA stays trapped near six-year lows while daily trading volume has collapsed from $6.3 billion to $500 million and total value locked across Cardano DeFi has dropped 85% from $905 million to $139 million, with capital now flowing toward projects shipping live products rather than those grinding through roadmap delays, because even if the full cardano price prediction plays out a 2x from $0.17 toward $0.37 cannot reshape any portfolio.

That is the reason holders chasing the heaviest upside are pairing their ADA position with the presale carrying the biggest math behind it, since Pepeto walking toward its exchange listing is pulling the heaviest capital in the market right now and keeps showing up next to ADA across every fresh round of cryptocurrency news.

Why Pepeto Is Catching the Attention Cardano Spent Seven Years Trying to Build

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The June 2026 data leaves ADA stuck in a sideways range while Pepeto keeps drawing serious money for reasons that run beyond community energy alone, because PepetoSwap runs as a zero-fee exchange across Ethereum, BNB Chain, and Solana with AI scanning every token for risk patterns.

Holders get zero gas bridging and contract checks that lock dangerous tokens out, a former Binance developer built the engine, and the Pepe ecosystem cofounder who grew a token past $7 billion now leads the team.

The Pepe comparison keeps drawing the heaviest wallets to this presale because Pepe coin lifted early holders into millionaire territory without shipping a single product and grew to roughly $11 billion in market cap while the creator of that same token now leads Pepeto.

Since everything that lifted Pepe higher is in place alongside live trading tools, and a $5,000 entry into Pepe grew into $750,000 at the peak, leaving Pepeto as the second chance at that entry while the cardano price prediction sits stuck under a slow recovery path.

Conclusion

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The cardano price prediction and the upcoming Leios testnet both point toward a slow recovery and keeping ADA for stability is reasonable, but every cycle runs the same script because life-changing wealth never came from holding a large cap once the bottom held but from finding the right presale before anyone heard the name, and every signal in this cryptocurrency news cycle now leads to Pepeto as the single play of 2026.

The token remains in presale, and history proves entries placed before a token reaches an exchange carry the kind of returns holders chase for years, but presale windows are short and a simple decision to wait is how millions missed every cycle-defining entry and spent years hoping something this rare would appear again.

So once Pepeto hits a major exchange the entry closes the way Pepe coin pricing closed inside hours when the earliest wallets walked away with the returns the market still talks about today.

Click To Visit Pepeto Website To Enter The Presale

FAQs

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What is the Cardano price prediction for 2026?

The cardano price prediction for 2026 targets $0.30 to $0.37 in the bull case per CoinDesk after Hoskinson’s June rescue plan, with $0.148 marking the six-year low.

Is Pepeto a stronger entry than Cardano right now?

Pepeto is a stronger entry than Cardano today because the presale opens access to a live exchange with a major listing approaching, while ADA at $0.17 offers limited multiplier room.

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Iran Moves to Close the Strait of Hormuz as Tensions Erupt Over Broken Ceasefire Deal

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Iran Moves to Close the Strait of Hormuz as Tensions Erupt Over Broken Ceasefire Deal

Key Takeaways

Iran Announced Closure of the Strait of Hormuz After Lebanon Strikes

The Iranian regime is taking action against what it qualifies as a breach of the previously signed memorandum of understanding to end the current conflict in the Middle East.

Local reports indicate that Iran’s Khatam al-Anbiya Central Headquarters, the operational headquarters of the Iranian military, announced that it would close the Strait of Hormuz, a strategic passage for 20% of the world’s oil, as a retaliatory measure after the U.S. failed to comply with the first clause of the memorandum of understanding (MoU) signed by President Donald Trump and Iranian President Masoud Pezeshkian.

The first clause of the document stresses that “the United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MOU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other.”

The measure comes as the Israel Defense Forces (IDF) launches a massive air strike campaign against objectives in Lebanon, hitting at least 80 targets allegedly linked to Hezbollah, and killing dozens of its members. Nonetheless, Lebanese authorities claim that over 47 people were killed and 97 people were wounded during these strikes.

U.S. Central Command (CENTCOM) issued a statement contradicting the Iranian regime, stressing that commercial ship traffic “increased June 20 as U.S. forces continued operating in the general area to support freedom of navigation.” “Safe passage through the international waterway remained intact today as 55 merchant ships transited, moving large amounts of cargo and more than 17 million barrels of oil to global markets,” it stressed.

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A new closure of the Strait would result in a general rise in prices of the West Texas Intermediate (WTI) and Brent oil benchmarks, which have fallen to $77 and $80, respectively, in response to actions taken to end the U.S.-Israel-Iran conflict.

The action could negatively affect crypto markets, as Bitcoin climbed above $66K immediately after the announcement of a framework to end the war, with market actors jumping to risk assets.

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