The Indian tax authorities are probing into potential tax evasion in cryptocurrency, emphasizing compliance with tax laws. Although specifics on cryptocurrencies haven’t been released, the investigation could reshape future regulatory frameworks.
Ethereum (ETH) trades at 2,507.13 USD, reflecting a 1.47% drop, with a market cap of 302.66 billion USD. The tax probe could lead to an increase in decentralized exchanges as traders seek privacy.
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