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India Uncovers ₹29,208 Crore in Hidden Foreign Assets and Crypto

India Uncovers ₹29,208 Crore in Hidden Foreign Assets and Crypto

Author:
Global Cryptocurrency
Published:
2025-08-11 19:57:02
7
2
BTCCSquare news:

India's tax authorities have identified ₹29,208 crore in concealed foreign assets and cryptocurrency holdings as part of the Income Tax Bill 2025 disclosures. The revelation underscores heightened regulatory scrutiny on undeclared wealth, particularly in digital assets.

While the report doesn't specify particular cryptocurrencies involved, the discovery signals India's tightening grip on crypto-related tax compliance. This development follows the government's broader efforts to bring transparency to offshore holdings and emerging asset classes.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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