BBCNEWS Asia Business Report June 4, 2024 03:38:00
Millions of users in india are using these offshore platforms to evade taxes on crypto currency trading. Late december, the government sent out Show Cause notices to nine such Offshore Firms asking them to talk about their registration and compliances and since last week first their websites were blocked and then they were removed from the Apple Store and now the Google Play Store has also removed these apps. The government in india has been increasing oversight on virtual digital assets. In 2022, they impose heavy taxes on profits as well as trading of digital assets. Many users had moved awa...
Source: archive.org
