India’s Income Tax Department has raised alarms over crypto exchanges using customer assets—such as tokens—for lending, staking, or trading, without explicit consent or profit-sharing. While users retain the right to sell, the vague terms allow these risky practices, reminiscent of the FTX fallout. In parallel, authorities are targeting tax evasion, particularly from crypto arbitrage via automated bots. Many traders failed to report earnings correctly under Section 115BBH, prompting the issuance of tax notices. These actions underscore growing regulatory concerns around investor protection, transparency, and revenue compliance in India’s crypto industry.
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USDT
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BNB
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XRP
$1.14
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SOL
$78.46
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$0.329223
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FIGR_HELOC
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▲ +2.04%
RAIN
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USDS
$0.999874
▲ +0.00%
ZEC
$536.32
▼ -2.25%
LEO
$9.71
▼ -0.18%
WBT
$58.07
▲ +1.72%
XMR
$361.96
▲ +7.10%
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FIGR_HELOC
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$536.32
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LEO
$9.71
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WBT
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▲ +1.72%
XMR
$361.96
▲ +7.10%
XLM
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▲ +2.64%
LINK
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▲ +1.05%
ADA
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GRAM
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BNB
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USDC
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XRP
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SOL
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HYPE
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RAIN
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USDS
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ZEC
$536.32
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LEO
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WBT
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LINK
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