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Grab Your Share of the 300 USDT Prize Pool!HTXSquare: Global Markets After Trump China VisitHTX Creation Challenge — Post and Win 1,500U 💥India tightens silver import rules to defend rupee amid energy

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India tightens silver import rules to defend rupee amid energy shockIndia just made it significantly harder to bring silver into the country. Starting May 16, 2026, high-purity silver bars, those with 99.9% purity or higher, have been reclassified from “Free” to “Restricted” under the country’s trade policy. The practical effect: more than 90% of silver imports now require a government-issued license.

The move, implemented by the Directorate General of Foreign Trade (DGFT), is part of a broader effort to stem foreign exchange outflows at a time when the rupee is under pressure from geopolitical turmoil and rising energy costs.

What actually changed
The restriction targets silver bars classified under ITC HS Codes 71069221 and 71069229. Previously, importers could bring in these bars without any special authorization. Now they need a license, which means bureaucratic gatekeeping on a commodity that India imports in massive quantities.

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The licensing requirement doesn’t apply to everyone equally. Exemptions exist for 100% Export Oriented Units (EOUs), Special Economic Zones (SEZs), and imports tied to export promotion schemes. In other words, if you’re importing silver to make something that gets sold abroad, Delhi is fine with that. It’s the imports that stay domestic, pulling hard currency out of the country, that the government wants to throttle.

This reclassification didn’t happen in isolation. Just days earlier, on May 12, 2026, India hiked import duties on both gold and silver from 6% to 15%. An additional 3% Integrated Goods and Services Tax (IGST) on bullion imports was also applied. Combined with the new licensing rules, the effective cost of importing silver into India has jumped dramatically in the span of a single week

India tightens silver import rules to defend rupee

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Grab Your Share of the 300 USDT Prize Pool!HTXSquare: Global Markets After Trump China VisitHTX Creation Challenge — Post and Win 1,500U 💥Galaxy secures New York BitLicense to expand institutional cry

Galaxy secures New York BitLicense to expand institutional crypto servicesGalaxy Digital said Monday that the New York State Department of Financial Services granted GalaxyOne Prime NY a BitLicense and Money Transmission License, authorizing the company to offer regulated digital asset services to institutions across New York.

The approval gives registered investment advisors, hedge funds, and family offices in the state access to Galaxy’s trading and custody services. Galaxy said the business is backed by a digital asset platform managing $9 billion in client assets and a regulatory footprint of more than 50 global licenses.

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New York remains one of the strictest US markets for crypto firms. NYDFS says companies conducting virtual currency business activity in the state generally need either a BitLicense or a New York banking charter with approval to conduct crypto activity. Firms that transmit fiat currency may also need a money transmission license under New York banking law.

“New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge of those allocations,” said Mike Novogratz, founder and CEO of Galaxy. “Galaxy was built to meet that demand, and now we can better serve New York’s institutions directly.”

The approval comes as Galaxy continues to position itself across both digital assets and data center infrastructure. The company has expanded its regulated crypto services while also building out infrastructure tied to institutional compute demand.

Despite the regulatory win, Galaxy shares declined about 7% on Monday afternoon, trading near $27.65 at press time.

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3100之上，鲸鱼套现 vs 交易所ETH枯竭，谁主导后市？

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