Bybit registers with India’s FIU after settling $1m non-compliance penalty
Cryptocurrency exchange ByBit is set to resume its services in India after registering with the country’s Financial Intelligence Unit. In a press release shared with crypto.news, ByBit said it is now registered with the FIU and compliant with and compliant with India’s Prevention of Money Laundering Act. “We have been working diligently with the FIU-IND […]
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
