Indian authorities have accused the WazirX exchange of tax evasion
Other cryptocurrency platforms will also be investigated
04.01.2022 - 07:15
316
1 min
0
What’s new? According to the press service of the Indian government, the country has launched an investigation into a number of cryptocurrency exchanges. In particular, the platform in question is WazirX, owned by Binance.
The full version of the press release
What is WazirX being accused of? According to the authorities, the exchange was evading goods and services tax. The total amount, including fines, has so far exceeded $6 million. However, the exchange’s representatives consider the charges unfounded and assure the timely payment of all required taxes.
According to the press release, the investigation is a part of a larger plan by the authorities to crack down on tax law violations. Similar measures will be taken against all cryptocurrency exchanges operating in India. There is no word yet on possible sanctions against the WazirX platform.
Useful material?
Telegram 
Twitter Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024
Cryptocurrency rates
-
Bitcoin
$95 345
BTC
-0.81%
-
Ethereum
$3 293.11
ETH
-0.95%
-
Ripple
$2.17
XRP
-2.26%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.311688
DOGE
-0.26%
-
Cardano
$0.882489
ADA
-0.64%
-
Stellar XLM
$0.352689
XLM
-0.26%
-
Polkadot
$6.87
DOT
-0.94%
-
Bitcoin Cash
$440.48
BCH
-1.99%
-
Litecoin
$101.86
LTC
+2.19%