India Probes Binance & WazirX Over Cross-Border Crypto Risks
India has launched a high-stakes investigation into cryptocurrency exchanges Binance and WazirX amid growing concerns about national security threats, cross-border fund transfers, and the use of crypto in potentially illegal activities. The probe, led by India’s Financial Intelligence Unit (FIU-IND) and supported by the Enforcement Directorate (ED), reflects the country’s
Binance, WazirX Among Crypto Firms Caught Evading Taxes in India
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 The Indian government has already
