India Uncovers ₹630 Crore in Undisclosed Crypto Income Amid Tax Crackdown
Indian authorities have detected ₹630 crore ($75.6 million) in unreported cryptocurrency income during recent enforcement operations. The crackdown targeted hidden digital asset holdings used to evade tax obligations, signaling heightened scrutiny of the sector.
Investigators employed advanced tracing methods to identify undeclared crypto assets across multiple regions. The scale of undisclosed funds reflects both the growth of India's crypto market and the government's tightening compliance measures.
Further probes are ongoing as regulators demonstrate increasing capability to monitor cryptocurrency transactions. This development comes amid global efforts to bring transparency to digital asset markets and prevent tax avoidance through blockchain networks.
