India: Probe into crypto exchanges reveals over $10.7 million in tax irregularities

11 crypto exchanges were probed under investigation in India for alleged evasion of goods and services tax (GST). The quantum of evasion is valued close to INR 81 crore (~$10.7 million) as per The Times of India. Pankaj Chaudhary, the Minister of State for Finance, discussed the latest crackdown on crypto exchanges before the parliament. […]