Half a Dozen of India’s Crypto Exchanges Searched After Alleged Rupee 700M Tax Evasion Detected: Sources

Half a Dozen of India’s Crypto Exchanges Searched After Alleged Rupee 700M Tax Evasion Detected: Sources



India’s tax authorities have conducted searches at some of India’s biggest cryptocurrency exchanges including CoinSwitch Kuber, CoinDCX, BuyUCoin and Unocoin after what they deemed tax evasion of Rs 40.5 crore (400 million INR or approximately $6 million) was detected at cryptocurrency exchange WazirX, according to sources with direct knowledge of the searches.



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