India’s income tax authorities have expressed serious concerns over cryptocurrencies, warning policymakers about potential risks linked to financial transparency, tax compliance, and capital flight. In internal assessments, the department has reportedly opposed the wider entry of crypto assets into the formal financial system, citing challenges in tracking transactions and enforcing existing tax laws. The stance… Continue reading Tax Authorities Raise Red Flags on Cryptocurrency, Advise Caution on Wider Adoption
Tag: India
India’s Tax Authorities Align With Central Bank in Raising Fresh Concerns Over Cryptocurrencies
India’s income tax department has reinforced concerns raised earlier by the Reserve Bank regarding cryptocurrencies, highlighting risks related to financial stability, tax compliance, and regulatory oversight. The alignment between fiscal authorities and the central bank signals a hardened stance on the unchecked growth of digital assets. Officials have cautioned that crypto transactions pose challenges in… Continue reading India’s Tax Authorities Align With Central Bank in Raising Fresh Concerns Over Cryptocurrencies
Crypto and Cybersecurity in India: Rising Digital Wealth, Growing Threat Landscape
India’s expanding cryptocurrency ecosystem has unlocked new avenues of digital finance, but it has also exposed investors, exchanges, and institutions to escalating cyber risks. As crypto adoption accelerates, cybercriminals are exploiting regulatory gaps, weak security practices, and low investor awareness to orchestrate sophisticated attacks. From exchange breaches and wallet thefts to phishing scams and ransomware… Continue reading Crypto and Cybersecurity in India: Rising Digital Wealth, Growing Threat Landscape
India Strengthens Crypto Oversight as 49 Exchanges Register with FIU in FY25
India’s regulatory framework for digital assets took a decisive step forward in FY25, with 49 cryptocurrency exchanges successfully registering with the Financial Intelligence Unit (FIU). The development signals a maturing approach toward crypto governance, balancing innovation with tighter compliance and financial transparency. Mandatory FIU registration reflects the government’s intent to curb illicit financial flows, enhance… Continue reading India Strengthens Crypto Oversight as 49 Exchanges Register with FIU in FY25
India’s Competition Watchdog Clears Coinbase’s Strategic Entry into DCX Global
India’s competition regulator has approved Coinbase’s acquisition of a minority stake in DCX Global, marking a notable development in the country’s evolving digital asset landscape. The clearance underscores regulatory openness to foreign participation in India’s crypto ecosystem, provided competition norms are respected. For Coinbase, the move offers a calibrated entry into a complex but high-potential… Continue reading India’s Competition Watchdog Clears Coinbase’s Strategic Entry into DCX Global
ED Intensifies Crypto Fraud Probe With Raids Across 21 Locations in Multiple States
The Enforcement Directorate (ED) has carried out coordinated searches at 21 premises across several states in connection with a major cryptocurrency fraud case originating in Karnataka. The action marks a significant escalation in the investigation, aimed at tracing illicit fund flows, identifying beneficiaries, and uncovering assets linked to the alleged scam. Officials are examining digital… Continue reading ED Intensifies Crypto Fraud Probe With Raids Across 21 Locations in Multiple States
Bitcoin at Rs. 72 Lakh: Opportunity or Overreach for Indian Investors?
Bitcoin trading near USD 87,000 has reignited debate among Indian investors weighing opportunity against risk. The surge reflects strong institutional demand, tightening supply dynamics, and growing acceptance of digital assets globally. However, elevated prices also amplify volatility, regulatory uncertainty, and tax exposure, particularly under India’s strict crypto taxation framework. For investors, the decision to buy… Continue reading Bitcoin at Rs. 72 Lakh: Opportunity or Overreach for Indian Investors?
India Emerges as a Global Cryptocurrency Powerhouse, Ranking Among Top 10 Nations in Transaction Volume
bIndia has cemented its position as a major player in the global cryptocurrency ecosystem, entering the top 10 nations in terms of crypto transaction volume. The country’s rapid adoption of digital assets is driven by rising fintech penetration, a tech-savvy population, and increasing interest from retail and institutional investors. Analysts highlight that India’s crypto market… Continue reading India Emerges as a Global Cryptocurrency Powerhouse, Ranking Among Top 10 Nations in Transaction Volume
DRI Report Flags Crypto and Stablecoins as Emerging Tools in Drug and Gold Smuggling Networks
India’s Directorate of Revenue Intelligence (DRI) has identified a significant shift in the modus operandi of organised smuggling syndicates, with cryptocurrencies and stablecoins increasingly supplanting traditional hawala channels for moving illicit proceeds, particularly in drug and gold smuggling operations. The decentralised, pseudonymous characteristics of digital currencies facilitate rapid, cross‑border transfers that are harder to detect… Continue reading DRI Report Flags Crypto and Stablecoins as Emerging Tools in Drug and Gold Smuggling Networks
India Weighs Regulatory Clarity as Cryptocurrency Moves Toward Mainstream Adoption
India’s cryptocurrency landscape is approaching a pivotal juncture as policymakers, investors, and financial institutions debate its long-term role in the country’s digital economy. With global markets embracing blockchain innovation, India faces the challenge of balancing technological advancement with financial stability and consumer protection. Industry experts believe the nation could emerge as a powerful force in… Continue reading India Weighs Regulatory Clarity as Cryptocurrency Moves Toward Mainstream Adoption