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India – Page 4 – DIGIT INFO

India

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India Flags Hidden Crypto Practices That Mirror Global Exchange Failures

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India’s financial watchdogs have reportedly uncovered a troubling trend in the cryptocurrency sector, where client deposits on exchanges are being redeployed without investor knowledge. According to the income tax department’s investigation, platforms routinely use customer tokens for lending, staking, or liquidity enhancement, retaining profits while granting users only the right to sell their holdings. Officials … Read more

Former Indian Lawmaker, Police Officer Convicted in Bitcoin Extortion Case

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An Indian court has convicted 14 individuals, including a former lawmaker and a former police superintendent, for extorting $3.6 million in bitcoins from a businessman. Details of the Criminal Conspiracy An Indian court has convicted 14 individuals, including a former lawmaker and a law enforcement officer, for the extortion of $3.6 million (₹32 crore) in … Read more

India Intensifies Tax Scrutiny on Past Crypto Activity and Unreported Assets

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India is intensifying tax enforcement on past crypto transactions, issuing official notices that demand detailed disclosures and warn of penalties for previously undeclared digital assets. India Ramps up Tax Enforcement on Past Crypto Deals and Undeclared Assets India’s tightening tax scrutiny has placed crypto investors under the spotlight as regulators expand enforcement on undisclosed digital … Read more

Binance Joins Forces With India in High-Stakes Operation to Crack ‘Ketamelon’

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India has dismantled its most advanced darknet drug empire in a groundbreaking cyber crackdown, exposing blockchain’s hidden battleground and showcasing unstoppable enforcement power through global crypto-exchange collaboration. India’s Cyber Dragnet Collides With Blockchain—Dark Empire Shattered Binance shared on Aug. 21 that it assisted India’s Narcotics Control Bureau (NCB) and the Data Security Council of India … Read more

India Seeks Crypto Industry Feedback on Tax Policy, TDS Burden, Offshore Shift

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India’s top tax authority is actively engaging crypto platforms on tax rules, signaling momentum toward a potential dedicated framework that could redefine taxation, oversight, and market competitiveness. India Evaluates Crypto Market Taxation Amid Industry Demands for Policy Reform The Central Board of Direct Taxes (CBDT), India’s top direct tax authority, reportedly reached out to domestic … Read more

Wazirx Awaits Court Green Light to Restart Platform After Massive Creditor Approval

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Indian crypto exchange Wazirx is moving closer to a full relaunch after securing strong creditor backing and awaiting final court approval to implement its restructuring plan. Wazirx Eyes Platform Restart as Court Sanction Becomes Final Missing Piece Indian crypto exchange Wazirx announced on Aug. 18 that 95.7% of voting creditors approved its amended restructuring plan, … Read more

India Detects Crypto Tax Evasion—Over 44K Notices Sent to Investors

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India has launched a massive cryptocurrency tax enforcement drive, targeting tens of thousands of investors and uncovering hundreds of crores in hidden income through advanced data-driven surveillance. India Alerts 44,057 Crypto Investors in Sweeping Tax Evasion Crackdown Union Minister of State for Finance Pankaj Chaudhary told Rajya Sabha, the upper house of India’s parliament, in … Read more

Trump Hits India With 50% Retaliatory Tariffs, Lula Vows to Mobilize BRICS to Fight Back

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The Trump Administration issued an executive order raising tariffs to 50% on India as a retaliatory move against the nation’s continued purchases of Russian oil. Brazil’s President Luiz Inácio Lula da Silva, who also faces similar tariffs, vowed to coordinate a joint response from the BRICS bloc. Trump Issues 50% Tariff Retaliation Against India, Lula … Read more

Employee of Indian Exchange Arrested in $44M Crypto Hack, Malware Blamed

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Indian police have arrested an employee of the crypto exchange CoinDCX in connection with a $44 million cryptocurrency theft but downplay the chances of recovery. Malware Infiltration Leads to Major Heist Indian police have arrested an employee of the crypto exchange CoinDCX in connection with a $44 million cryptocurrency theft, but authorities admit they face … Read more

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