India Escalates Crypto Tax Crackdown

Using AI and global data sharing, India targets crypto tax evaders, aiming to close loopholes and enforce compliance, which could deter investors and boost government revenue amid rising digital asset scrutiny. India's tax authorities are intensifying efforts to combat crypto tax evasion through AI-driven analytics and international data sharing, as announced by CBDT Chairman Ravi Agrawal and Finance Minister Pankaj Chaudhary. This move, detailed in recent interviews and parliamentary responses, leverages tools like the OECD's Crypto…