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The post India Cracks Down on Binance-linked Crypto Exchange Crypto Exchanges for $85M Tax Evasion appeared first on Coinpedia Fintech News
India’s GST department has found a massive ₹722.43 crore ($85M) tax evasion by Nest Services, a crypto exchange linked to Binance Group. In addition to this, 17 other crypto exchanges have been charged for evading GST, with a total amount of ₹824.14 crore. Big platforms like WazirX, CoinDCX, and CoinSwitch Kuber are also in the spotlight, with WazirX facing a ₹40.51 crore tax evasion case. This major crackdown highlights the increasing efforts of Indian authorities to ensure crypto exchanges follow tax rules and avoid tax evasion. The investigation is raising concerns about future regulatory changes in the industry.

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Which #memecoin should I invest $10k in right now?

$DOGE $SHIB $DOGS

CZ knows what's up 👀

The biggest #crypto bull is hinting at #Altseason while #Bitcoin dominance drops When the founder of #Binance   📷 speaks, you better listen Alt szn loading...

$BTC
dominance finally broke below ema 21 after 2 yrs
i think we are approaching the part of the cycle where life changing money is made
all your coins will make new highs in the next couple of months just hold, sit tight and enjoy the show

#Bitcoin❗ #Bullrun2025

The #1 signal for an alt season is right in front of us 👇

$BTC dominance showing clear signs of topping.

Watch what happened in 2021 when dominance lost its upward momentum.

Time to position in quality alts (spot only).

Don't get greedy though. Take profits on the way up.

1. BTC Dominance Top is DONE

2. #Bitcoin is heading to $100k next week while #Altcoins prepare for a mega pump
🚀

The real party is just getting started

$BTC