Author: Simran Mishra

India Tightens Crypto Tax Rules with more than 44,000 VDA Tax Notices and $104M Hidden Income Uncovered: Filing Errors Now Carry Real Risks India has stepped up its India crypto tax checks and sent more than 44,000 VDA tax notices. Authorities found around Rs. 888 crore, or nearly $104 million, in hidden crypto income during this process. The Income Tax Department used data from exchanges, TDS filings, and investor returns to spot gaps. Officials compared each record carefully and flagged cases where numbers did not match. How Authorities Identified Tax Mismatches This action shows a strong move toward strict crypto…

Retired Bank Manager Loses Rs. 2.52 Cr in Crypto Scam. Honey Trap Scam and Fake Crypto Platform Used in a Cyber Fraud Network Case A retired bank manager from Nawabganj lost Rs. 2.52 crore in a cryptocurrency investment scam. The case started with a honey-trap scam on social media. It later turned into a large cyber fraud network case. The victim, Anil Kumar Singh Chauhan, met a woman online in 2025. She called herself Ira Reddy. She talked to him daily and slowly gained his trust. After some time, she built an emotional bond with him. How the Investment Scam…

India Makes Crypto Tax Rules Stricter for 2026: Every Transaction Now Needs Full Reporting Under Schedule VDA with Stronger Checks and Penalties India is tightening its crypto tax system for the 2026 filing season under the India Crypto Tax Reporting rules. The government aims to improve the reporting and tracking of crypto income. The main tax structure stays the same, but reporting rules become more detailed and strict. Reports indicate that India will not change the 30% tax on crypto profits under its crypto taxation regime. A 4% cess also continues on gains. The government now focuses more on how…

US CLARITY Act Faces Senate Hurdles as SEC-CFTC Power Split, Banking Pushback, and Tokenization Growth Shape Debate The US CLARITY Act is moving fast as lawmakers try to pass it before the August recess. Congress now has only 16 working days left, which creates strong pressure to act quickly. Officials say the bill is important for giving clear and stable crypto regulation in the United States. They want to turn current guidelines into law, so future policy changes do not disrupt the market. US CLARITY Act Pushes for Regulatory Clarity The US CLARITY Act mainly focuses on defining roles between…

Zelle India Expansion Coming in 2026 with Easy Peer-to-Peer Payments and ZelleUSD for Faster Remittances and Cross-Border Payments. Zelle India’s expansion will bring the US money transfer app to India in 2026. This will be the first time Zelle moves outside the United States. The company that runs Zelle has confirmed India as the first country for this new step. The company selected India since many people send money from the United States to India. A large amount of remittances India receives comes from families living in the US. This makes India a strong place for cross-border payments. Why India…

Crypto Fear and Greed Index Hits 13: Extreme Fear Grips the Crypto Market as Investors Stay Cautious and Prices Remain Under Pressure The Crypto Fear and Greed Index currently stands at 13, reflecting deep anxiety in the crypto market. The latest reading shows a slight recovery from the previous day, although sentiment remains firmly in the extreme fear crypto zone. Data from Coinglass highlights that the index averaged 10 over the past week and 23 over the last month. These numbers confirm that negative sentiment has persisted across a longer period rather than a short-term shock. Such low numbers show…

SIT Probe Reveals Hawala Links in Rs. 35 Cr Bitcoin Scam as Nalapad Named in 2017 Crypto Theft Case A new development in the Bitcoin scam case in Karnataka has grabbed everyone’s attention, especially in the state’s political fraternity. The SIT charge sheet has mentioned Mohammed Nalapad, the son of Congress MLA N A Haris and a known political figure, in the crypto fraud case. This is the first time a politically linked person has been formally named in the Bitcoin scam charge sheet.  SIT Names Mohammed Nalapad in Charge Sheet The Special Investigation Team filed the charge sheet in…

CME Crypto Index Futures Go Live Trade Bitcoin, Ether, and Solana in One Product: A Big Step for Institutional Crypto Growth CME Group has launched CME crypto index futures, giving investors an easy way to track the crypto market. The product allows trading of multiple cryptocurrencies through one single contract. The index includes 8 major cryptocurrencies based on market value. These include Bitcoin, Ether, Solana, XRP, Cardano, Chainlink, Stellar, and Bitcoin Cash. This setup helps investors get wide market exposure without buying each asset. Cash-Settled Contracts Make Trading Easier The futures contracts are cash settled, so traders do not need…

Fish Trader Crypto Scam Exposes Cambodia Links and Massive Digital Fraud Network: Cybercrime is Getting Smarter and Faster Every Day A fish trader from Andhra Pradesh has been arrested in a major crypto scam linked to Cambodia networks. Investigators have discovered that he played an important role in moving money in a Rs. 5.85 crore digital arrest scam. Police arrested Swamy Ayyappa Naravula from Hyderabad on May 25 after a detailed investigation by a Gurugram Special Investigation Team. His background shows a surprising shift from Army service to fish trading and later involvement in cybercrime activities. Fish Trader Arrested in…

Crypto Tax Filing 2026: No Loss Set-Off, Gifts and Mining Also Taxed Under Strict VDA Rules Cryptocurrencies can be bought, sold, and traded in India, but they are not legal tender. Still, the government treats them as virtual digital assets, and income from them is subject to tax rules. Every investor must report cryptocurrency gains while filing income tax returns under Schedule VDA. The government charges a flat 30% tax on crypto income, along with a 4% cess. This rate stays the same for both short-term and long-term gains. There is no difference in tax based on how long the…