Indian authorities have accused the WazirX exchange of tax evasion
Other cryptocurrency platforms will also be investigated
04.01.2022 - 07:15
305
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
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 215
BTC
+0.64%
-
Ethereum
$3 306.42
ETH
-1.63%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.43
XRP
+26.04%
-
Dogecoin
$0.403136
DOGE
+2.61%
-
Cardano
$0.900611
ADA
+12.61%
-
Bitcoin Cash
$478.59
BCH
-2.75%
-
Polkadot
$6.12
DOT
+2.96%
-
Stellar XLM
$0.290527
XLM
+20.1%
-
Litecoin
$88.99
LTC
-1.27%