India Accuses WazirX of Tax Evasion, Future of Local Crypto Sector Remains Unclear

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India’s largest cryptocurrency trading platform, WazirX, has been accused by the country’s authorities of tax evasion worth $5.4 million (40.5 crore rupees).

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On December 31, the Mumbai office of the goods and services tax (GST) authority said that it tracked down Rs 49.20 crore from WazirX in taxes and penalties after a series of investigations on the platform’s transactions.

The firm, which

Source: blockchain.news

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