Indian Government Clamps Down on Crypto Traders With 44,000 Tax Notices
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最新报道：The Indian government has issued over 44,000 tax notices to cryptocurrency traders for alleged tax evasion, intensifying its crackdown on the crypto sector. Authorities are scrutinizing transactions from 2017-2021, focusing on unreported capital gains and GST violations. The move follows India's 30% crypto tax implemented in 2022, which triggered significant trading volume declines on domestic exchanges. Tax officials claim many traders underreported profits or failed to file returns altogether. The enforcement comes amid global regulatory uncertainty around crypto taxation, with India taking a particularly aggressive stance despite industry warnings about stifling innovation.
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