Indian Tax Authority Probes 400 High-Net-Worth Traders on Binance
The Income Tax department of India has initiated a probe into over 400 Binance traders with high net worth. Led by the Central Board of Direct Taxes (CBDT), the Indian tax officials are suspicious of tax evasion in light of the nation’s strict
This Week In Crypto Asia: India Advances CBDC, China Invests in AI, Japan Anticipates Payments Surge
In this week's Crypto Asia Announcement roundup, we explore the swift evolution of Asia's crypto asset environment. State-supported innovation is escalating, strategic collaborations are forming, and institutional momentum is increasing. From central bank digital currencies (CBDCs) to artificial intelligence-driven platforms and payment integrations,
India Unveils RBI-Supported, Trackable Digital Currency: Union Minister States “We Are Heavily Taxing Crypto”
On 6 October 2025, Piyush Goyal, the Indian Union Minister, announced that the nation is prepared to introduce a sovereign crypto asset, supported by the Reserve Bank of India (RBI), which will be traceable. Goyal emphasized that the country will not promote cryptocurrency,”
