Crypto Tax Clampdown: India Probes 400 Binance Traders For Evasion
Indian authorities are now reportedly set to investigate 400 Binance traders on the grounds of crypto tax evasion. This development comes following Binance’s reentry into the Asian market, during which it registered itself as a “reporting entity”. Related Reading: CZ’s Comeback? Trump Weighs Presidential Pardon For Binance Founder India Tax Dep’t Targets Evasion Among Wealthy […]
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A Nigerian court has rescheduled the hearing of a tax evasion lawsuit against Binance and some of its executives to May 17. This adjournment represents the latest development in the ongoing regulatory saga between various agencies of the Nigerian government and the Malta-based cryptocurrency exchange. Related Reading: Impending Extradition? Nigerian Authorities Trace Fleeing Binance Exec […]
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Binance’s BNB token, which could be an unregistered security. If the cryptocurrency is found to be a security, it could put Binance in a similar position to Ripple Labs which has been in an ongoing lawsuit with the SEC over the sale of the XRP token.
SEC Investigates Binance’s BNB Crypto
The U.S. SEC is investigating whether Binance Holdings Ltd. breached securities laws when it conducted an initial coin offering (ICO) of the BNB token five years ago, Bloomberg reported Monday, citing....
Binance, the world’s leading cryptocurrency exchange, reportedly seeks to re-establish its presence in the Indian market after being banned by the country’s local government earlier this year. Binance’s Cost To Return To India According to a recent report from India’s Economic Times, the exchange intends to return as a registered entity, aiming to comply with the […]
While there is an argument to be made for strengthening anti-money laundering rules,the implementation may leave much to be desired. In the end, it will all come down to how these new proposals will be enforced. Tax evasion through offshore accounts and shell companies remains a serious problem. The European Commission unveiled their plans to Clamp down on these practices moving forward. Clamping down on individuals and companies trying to avoid paying taxes is the primary objective right now.Moreover, the commission will also go after lawyers and tax advisers helping clients to sluice....
Officials from India claim to have had their ‘first’ run in with Dark Net Market (DNM) usage. The Hindustantimes just reported on how Indian Anti-Narcotics agencies are focusing in on these new markets and improving their surveillance methods. India’s Watchdog Probes DNM’s. India’s Narcotics Control Bureau (NCB) found two illegal drug smuggling....