India Intensifies Investigation into Binance Traders for Tax Evasion
Indian authorities are probing 400 Binance traders for alleged tax evasion, reflecting heightened scrutiny of the cryptocurrency market. The Central Board of Direct Taxes has directed teams to report findings by October 17, targeting unreported crypto income. This investigation follows Binance's recent reentry into Asia, raising concerns about compliance and potentially impacting investor confidence and trading strategies in India.
India Intensifies Investigation into Binance Traders for Tax Evasion
Indian authorities are probing 400 Binance traders for alleged tax evasion, reflecting heightened scrutiny of the cryptocurrency market. The Central Board of Direct Taxes has directed teams to report findings by October 17, targeting unreported crypto income. This investigation follows Binance's recent reentry into Asia, raising concerns about compliance and potentially impacting investor confidence and trading strategies in India.
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