17
Dec
India Tightens Grip on Cryptocurrency Exchanges to Ensure Tax Compliance and Accountability The Indian government has uncovered Goods and Services Tax (GST) evasion worth ₹824.14 crore across 17 cryptocurrency exchanges, marking a significant escalation in its efforts to regulate the rapidly expanding crypto industry. This revelation was made by the Minister of State for Finance, Pankaj Chaudhary, and underscores the authorities’ focus on ensuring compliance in the cryptocurrency ecosystem. Major Exchanges Under Investigation Among the 17 exchanges under scrutiny, several prominent platforms have been flagged for significant GST evasion. The largest reported case involves Nest Services Ltd, part of the…