• bitcoinBitcoin(BTC)$117,954.000.75%
  • ethereumEthereum(ETH)$3,143.905.49%
  • rippleXRP(XRP)$2.931.93%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$689.211.10%
  • solanaSolana(SOL)$162.931.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1973282.91%
  • staked-etherLido Staked Ether(STETH)$3,147.005.69%
  • tronTRON(TRX)$0.3008360.35%
  • cardanoCardano(ADA)$0.742.59%
  • HyperliquidHyperliquid(HYPE)$47.40-1.83%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,738.000.75%
  • stellarStellar(XLM)$0.4619382.37%
  • suiSui(SUI)$3.981.53%
  • Wrapped stETHWrapped stETH(WSTETH)$3,785.155.17%
  • hedera-hashgraphHedera(HBAR)$0.2339220.52%
  • bitcoin-cashBitcoin Cash(BCH)$496.681.07%
  • avalanche-2Avalanche(AVAX)$21.885.08%
  • Wrapped eETHWrapped eETH(WEETH)$3,359.875.11%
  • leo-tokenLEO Token(LEO)$8.82-2.02%
  • shiba-inuShiba Inu(SHIB)$0.0000144.97%
  • the-open-networkToncoin(TON)$3.113.88%
  • WETHWETH(WETH)$3,142.175.50%
  • litecoinLitecoin(LTC)$95.873.27%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.04%
  • whitebitWhiteBIT Coin(WBT)$44.41-2.32%
  • polkadotPolkadot(DOT)$4.075.04%
  • moneroMonero(XMR)$334.13-1.39%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,931.000.69%
  • uniswapUniswap(UNI)$9.212.18%
  • pepePepe(PEPE)$0.0000135.11%
  • Ethena USDeEthena USDe(USDE)$1.00-0.03%
  • bitget-tokenBitget Token(BGB)$4.625.79%
  • aaveAave(AAVE)$329.444.12%
  • BittensorBittensor(TAO)$438.524.84%
  • daiDai(DAI)$1.00-0.01%
  • Pi NetworkPi Network(PI)$0.445894-1.49%
  • aptosAptos(APT)$5.175.88%
  • crypto-com-chainCronos(CRO)$0.1077953.12%
  • nearNEAR Protocol(NEAR)$2.665.06%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.08%
  • ethereum-classicEthereum Classic(ETC)$19.528.09%
  • OndoOndo(ONDO)$0.944.61%
  • internet-computerInternet Computer(ICP)$5.534.53%
  • okbOKB(OKB)$47.520.48%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$198.511.66%
  • algorandAlgorand(ALGO)$0.2795821.82%
  • mantleMantle(MNT)$0.71-0.94%
  • bonkBonk(BONK)$0.0000314.22%
  • kaspaKaspa(KAS)$0.0884565.36%
  • Pump.funPump.fun(PUMP)$0.0065889.20%
  • EthenaEthena(ENA)$0.3552907.66%
  • USD1USD1(USD1)$1.000.01%
  • arbitrumArbitrum(ARB)$0.4346478.10%
  • vechainVeChain(VET)$0.0249964.45%
  • cosmosCosmos Hub(ATOM)$4.674.17%
  • sei-networkSei(SEI)$0.3694406.54%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2316233.37%
  • render-tokenRender(RENDER)$3.874.54%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.0319195.51%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.769.09%
  • fasttokenFasttoken(FTN)$4.49-0.57%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,146.195.53%
  • gatechain-tokenGate(GT)$15.891.03%
  • Official TrumpOfficial Trump(TRUMP)$9.452.87%
  • worldcoin-wldWorldcoin(WLD)$1.074.77%
  • filecoinFilecoin(FIL)$2.634.87%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,775.000.86%
  • SkySky(SKY)$0.0787791.98%
  • quant-networkQuant(QNT)$113.212.49%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$173.081.59%
  • JupiterJupiter(JUP)$0.527.21%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.761.03%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,304.815.73%
  • SPX6900SPX6900(SPX)$1.606.42%
  • kucoin-sharesKuCoin(KCS)$11.631.33%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,581.385.47%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • first-digital-usdFirst Digital USD(FDUSD)$1.00-0.02%
  • CelestiaCelestia(TIA)$1.956.56%
  • USDT0USDT0(USDT0)$1.000.06%
  • nexoNEXO(NEXO)$1.312.01%
  • StoryStory(IP)$4.422.61%
  • injective-protocolInjective(INJ)$13.127.18%
  • blockstackStacks(STX)$0.804.11%
  • xdce-crowd-saleXDC Network(XDC)$0.0775283.79%
  • optimismOptimism(OP)$0.708.18%
  • flare-networksFlare(FLR)$0.0173822.03%
  • FartcoinFartcoin(FARTCOIN)$1.20-5.74%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,310.745.67%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,361.655.46%
  • SonicSonic(S)$0.3578854.76%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$117,541.000.41%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.640.83%
  • bitcoinBitcoin(BTC)$117,954.000.75%
  • ethereumEthereum(ETH)$3,143.905.49%
  • rippleXRP(XRP)$2.931.93%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$689.211.10%
  • solanaSolana(SOL)$162.931.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1973282.91%
  • staked-etherLido Staked Ether(STETH)$3,147.005.69%
  • tronTRON(TRX)$0.3008360.35%
  • cardanoCardano(ADA)$0.742.59%
  • HyperliquidHyperliquid(HYPE)$47.40-1.83%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$117,738.000.75%
  • stellarStellar(XLM)$0.4619382.37%
  • suiSui(SUI)$3.981.53%
  • Wrapped stETHWrapped stETH(WSTETH)$3,785.155.17%
  • hedera-hashgraphHedera(HBAR)$0.2339220.52%
  • bitcoin-cashBitcoin Cash(BCH)$496.681.07%
  • avalanche-2Avalanche(AVAX)$21.885.08%
  • Wrapped eETHWrapped eETH(WEETH)$3,359.875.11%
  • leo-tokenLEO Token(LEO)$8.82-2.02%
  • shiba-inuShiba Inu(SHIB)$0.0000144.97%
  • the-open-networkToncoin(TON)$3.113.88%
  • WETHWETH(WETH)$3,142.175.50%
  • litecoinLitecoin(LTC)$95.873.27%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.04%
  • whitebitWhiteBIT Coin(WBT)$44.41-2.32%
  • polkadotPolkadot(DOT)$4.075.04%
  • moneroMonero(XMR)$334.13-1.39%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$117,931.000.69%
  • uniswapUniswap(UNI)$9.212.18%
  • pepePepe(PEPE)$0.0000135.11%
  • Ethena USDeEthena USDe(USDE)$1.00-0.03%
  • bitget-tokenBitget Token(BGB)$4.625.79%
  • aaveAave(AAVE)$329.444.12%
  • BittensorBittensor(TAO)$438.524.84%
  • daiDai(DAI)$1.00-0.01%
  • Pi NetworkPi Network(PI)$0.445894-1.49%
  • aptosAptos(APT)$5.175.88%
  • crypto-com-chainCronos(CRO)$0.1077953.12%
  • nearNEAR Protocol(NEAR)$2.665.06%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.08%
  • ethereum-classicEthereum Classic(ETC)$19.528.09%
  • OndoOndo(ONDO)$0.944.61%
  • internet-computerInternet Computer(ICP)$5.534.53%
  • okbOKB(OKB)$47.520.48%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$198.511.66%
  • algorandAlgorand(ALGO)$0.2795821.82%
  • mantleMantle(MNT)$0.71-0.94%
  • bonkBonk(BONK)$0.0000314.22%
  • kaspaKaspa(KAS)$0.0884565.36%
  • Pump.funPump.fun(PUMP)$0.0065889.20%
  • EthenaEthena(ENA)$0.3552907.66%
  • USD1USD1(USD1)$1.000.01%
  • arbitrumArbitrum(ARB)$0.4346478.10%
  • vechainVeChain(VET)$0.0249964.45%
  • cosmosCosmos Hub(ATOM)$4.674.17%
  • sei-networkSei(SEI)$0.3694406.54%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2316233.37%
  • render-tokenRender(RENDER)$3.874.54%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.0319195.51%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.769.09%
  • fasttokenFasttoken(FTN)$4.49-0.57%
  • sUSDSsUSDS(SUSDS)$1.060.02%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,146.195.53%
  • gatechain-tokenGate(GT)$15.891.03%
  • Official TrumpOfficial Trump(TRUMP)$9.452.87%
  • worldcoin-wldWorldcoin(WLD)$1.074.77%
  • filecoinFilecoin(FIL)$2.634.87%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,775.000.86%
  • SkySky(SKY)$0.0787791.98%
  • quant-networkQuant(QNT)$113.212.49%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$173.081.59%
  • JupiterJupiter(JUP)$0.527.21%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.761.03%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,304.815.73%
  • SPX6900SPX6900(SPX)$1.606.42%
  • kucoin-sharesKuCoin(KCS)$11.631.33%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,581.385.47%
  • USDtbUSDtb(USDTB)$1.00-0.01%
  • first-digital-usdFirst Digital USD(FDUSD)$1.00-0.02%
  • CelestiaCelestia(TIA)$1.956.56%
  • USDT0USDT0(USDT0)$1.000.06%
  • nexoNEXO(NEXO)$1.312.01%
  • StoryStory(IP)$4.422.61%
  • injective-protocolInjective(INJ)$13.127.18%
  • blockstackStacks(STX)$0.804.11%
  • xdce-crowd-saleXDC Network(XDC)$0.0775283.79%
  • optimismOptimism(OP)$0.708.18%
  • flare-networksFlare(FLR)$0.0173822.03%
  • FartcoinFartcoin(FARTCOIN)$1.20-5.74%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,310.745.67%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,361.655.46%
  • SonicSonic(S)$0.3578854.76%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$117,541.000.41%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.640.83%

India’s Minister of State for Finance, Pankaj Chaudhary, revealed significant tax evasion by cryptocurrency exchanges, including Binance and WazirX. Authorities have identified 824 crore rupees ($97 million) in unpaid Goods and Services Tax (GST) across 17 crypto firms, sparking multiple investigations.

Recovered Taxes and Penalties

Crypto firms accused of GST tax evasion in India, with penalty and interest recovery. Source: Sansad.in

The Indian government has already recovered 122.3 crore rupees ($14 million) in unpaid taxes, penalties, and interest. WazirX, accused of evading 40.5 crore rupees ($4.8 million) in GST, has paid 49.18 crore rupees ($5.8 million), including penalties and interest. Similarly, CoinDCX and CoinSwitch Kuber settled their liabilities of 16.84 crore rupees ($1.9 million) and 14.13 crore rupees ($1.7 million), respectively.

Binance Yet to Pay $85 Million

Binance faces a significant GST liability of 722 crore rupees ($85 million). However, it has yet to settle its dues, leaving it out of the total recovery amount. Binance stated it is cooperating with authorities and addressing inquiries.

Crypto Regulation and AML Compliance

The crackdown comes as India strengthens its regulatory framework for virtual digital assets. Currently, 47 crypto service providers are registered as reporting entities under the Financial Intelligence Unit, aligning with the country’s anti-money laundering laws.

As the crypto industry grows in India, authorities are intensifying scrutiny to ensure compliance and recover lost revenue.

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