The Indian government has launched an investigation into cryptocurrency exchanges, discovering that several exchanges, including Binance and WazirX, owe a significant amount of Goods and Services Tax (GST). 💰 According to Pankaj Chaudhary, the Minister of State for Finance of India, the amount owed is as high as 82.4 billion rupees (approximately 97 million USD). This investigation involves several well-known exchanges, such as WazirX, CoinDCX, and CoinSwitch Kuber. 🔍

A few months ago, Indian law enforcement demanded that Binance pay 72.2 billion rupees (approximately 85 million USD) in back taxes. It seems that the tax issues of cryptocurrency exchanges are becoming a focal point for the Indian government. 📊

The market has reacted variably to this news, and investors need to stay alert. 📈