Indian government: Crypto companies such as Binance and WazirX are evading taxes

The Indian government has found that major crypto exchanges, including Binance and WazirX, owe a large amount of goods and services tax (GST). Pankaj Chaudhary, Minister of State for Finance of India, said that the government has found that several cryptocurrency exchanges owe 82.4 billion rupees ($97 million) in GST. According to reports, authorities have launched several related investigations into cryptocurrency exchanges, including WazirX, CoinDCX and CoinSwitch Kuber. A few months ago, Indian law enforcement agencies asked Binance to pay 72.2 billion rupees ($85 million) in unpaid taxes in August. (Cointelegraph)