India Warns: Crypto Makes Tax Tracking Harder

India’s tax authorities have cautioned lawmakers that rising crypto adoption is complicating tax enforcement rather than improving transparency. This is not new: authorities are still trying to figure out how to efficiently track crypto wallets and transactions, but the nature of crypto makes this task particularly difficult. Yes, crypto is making tax collection harder and not only in India. Crypto trading activity in India has remained restrained as tax and regulatory pressure continue to shape market b ...