India Sends 44,000 Crypto Tax Evasion Notices in Major Crackdown
– India sent 44,000 tax notices to crypto investors to combat evasion, leveraging blockchain data for precise enforcement.
– The crackdown reflects stricter regulation of digital assets as legitimate taxable income, with legal penalties for non-compliance.
– Finance Minister Sitharaman emphasized equal tax treatment for crypto transactions, aligning with global regulatory trends.
– While raising privacy concerns, the initiative signals India’s push for structured crypto governance to balance innovation and transparency.
