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India's Tax Department Echoes Reserve Bank's Concerns on Crypto
Yahoo Finance· 2026-01-08 10:45
India's income tax authorities have joined the Reserve Bank of India in raising concerns over virtual digital assets, citing enforcement challenges that threaten the government's ability to track and tax crypto transactions as the Union Budget approaches. On Wednesday, Tax authorities presented their concerns about cryptocurrency and other virtual digital assets to the parliamentary standing committee of finance, according to a Times of India report. Officials outlined challenges in tracking crypto tran ...