
India monitoring evolving crypto trading to ensure tax compliance, top tax official says
NEW DELHI, Feb 5 (Reuters) - India is talking to cryptocurrency exchanges to assess evolving trading activity as it seeks oversight over newer crypto products, according to a top tax official.India does not regulate cryptocurrencies, but global crypto exchanges such as Binance, Coin DCX, Coinbase and Zebpay operate in the country after registering with a government agency.Asia's third-largest economy has imposed punitive taxes on gains from cryptocurrencies and the local central bank has repeatedly cautioned against the risks from crypto trading.







