India Cracks Down on Crypto Tax Evaders Using Offshore Binance Wallets
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- India is investigating over 400 crypto traders for evading tax.
- Crypto traders in India often use offshore wallets to evade high taxes.
- India has one of the highest crypto tax regimes in the world.
According to reports, the Indian Income Tax Department has launched an investigation involving over 400 high-net-worth individuals over crypto tax evasion. Initial reports suggest that the suspects concealed profits made from cryptocurrency investments in offshore Binance wallets.
India
— Karan Singh Arora (@thisisksa) October 12, 2025cracks down on hidden crypto gains via offshore Binance wallets
The Income Tax Department is investigating over 400 high-net-worth individuals for allegedly concealing crypto profits in offshore Binance wallets.The CBDT has ordered its investigation wings to… pic.twitter.com/8C3qW4GI3O
The investigation deadline is Octob…
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