Indian crypto holders face 70% tax penalty on undisclosed gains
India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act. Source link
Indian scammers use Tether’s USDT to launder funds outside the country
Cybercriminals in the Indian state of Rajasthan are using stablecoins like USDT to funnel illicit loot to scam operators outside the country. According to local media, Rajasthan law enforcement has arrested several money mules who played a critical role in converting over inr 1 crore (approximately $115,546) into Tether (USDT) before funneling it to international […]
Indian crypto exchange Mudrex suspends withdrawals amid 200% growth in user base
Crypto exchange Mudrex announced Sunday that it has temporarily suspended crypto withdrawals, citing compliance concerns and the need to prevent misuse by bad actors. Mudrex, a Bengaluru-based crypto exchange platform supported by Y Combinator, Better Capital, and Woodstock Fund, has temporarily paused withdrawals. Founder Alankar Saxena, in an X post on Jan. 12, explained that […]
Indian crypto exchange Mudrex clarifies on halting crypto withdrawals
Mudrex reported a 200% yearly increase in its user base, surpassing three million. Source link
