The Indian government reported uncovering ₹630 crore in undisclosed income related to cryptocurrency during recent search and seizure operations. These enforcement actions targeted crypto holdings often hidden to evade taxes. Authorities are intensifying efforts to trace and seize unreported digital assets amid growing regulatory scrutiny of the crypto sector. The move reflects enhanced monitoring capabilities and ongoing crackdowns on illicit and undeclared cryptocurrency income across multiple regions, signaling a stricter stance on crypto tax compliance in India. Further investigations are underway.
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