According to Odaily, Bitcoin News posted on X that developer Luke Dashjr described the developers' meeting as 'going smoothly,' with the related plans now moving forward. The BIP-110 developer plan is scheduled for a hard fork on September 1, and it aims to change Bitcoin's current proof-of-work algorithm. Developers expect to reveal the chosen hash algorithm tomorrow, and the RTDS mechanism would be enabled beginning with the first block of the forked chain. Block size reduction and replay protection are also topics under discussion. This update arrives at a time when some reports say Dashjr is no longer a licensed user of the BIP content repository. If the plan is implemented, the proof-of-work algorithm change would create an independent blockchain, effectively forming a new altcoin. Existing BTC holders would then receive tokens on that forked chain. The exact hash algorithm and RTDS specifics have not yet been published as of this writing.

ChainCatcher reports that Bitcoin News posted on X, quoting Luke Dashjr as saying the developers' meeting is 'going well' and plans are advancing to change Bitcoin's proof-of-work algorithm via a hard fork. Developers are expected to announce the chosen hash algorithm tomorrow, with RTDS enabled from the first block. Block size reduction and replay protection are under discussion. The news comes as reports say Dashjr is no longer a licensed user of the BIP content repository. If implemented, the PoW change would create a separate blockchain, effectively forming a new altcoin, and existing BTC holders would receive tokens on the forked chain.

India's new crypto reporting penalties take effect April 1, 2026: ₨200 daily fine for late filing, ₨50,000 for inaccurate disclosure, and up to 2 years imprisonment for defaults exceeding ₨5 million. Tax rates remain unchanged.

AAP MP Raghav Chadha urged the Indian Parliament to recognize cryptocurrencies as a formal asset class, citing a policy gap that has driven over 4.8 trillion rupees in crypto trading offshore. Despite no budget relief, mounting investor pressure keeps reform hopes alive.

The UK will enforce the Cryptoasset Reporting Framework (CARF) from January 2026, mandating exchanges to report user data to HMRC with fines of £300 per violation. India's 30% crypto tax has driven TDS revenue up 41% year-on-year despite a 50-90% drop in domestic trading volume.

India's FIU-IND annual report reveals 49 crypto exchanges registered under AML laws, with total penalties of ₹28 crore ($3.37M). Binance fined ₹18.82 crore, Bybit fined ₹9.27 crore. India opts for strict compliance over ban, attracting global platforms despite penalties.

An Indian crypto trader reportedly received a ₹88 lakh tax notice despite ending in losses, highlighting how turnover, fund source checks, and filing mismatches can trigger scrutiny.

India allows crypto trading and mining, but digital assets are not legal tender. Tax rules are now clear, with a 30% rate on many gains and a 1% TDS on qualifying transfers.