Indian Authorities Imposes $83 Million Tax Showcause Notice on Binance
The world’s largest cryptocurrency exchange, Binance, has once again come under heavy scrutiny, this time, by the Indian authorities for collecting fees from Indian customers. The recent slam has sent ripples through the crypto community as participants wonder how Binance continues to fail regulatory checks globally.
The non-compliance issue saw Binance faced with an $86 million bill according to the report. However, Binance has challenged the notice. The authorities said that Binance failed to register under its framework while delivering trading services to customers in the country. This story is being updated, keep refreshing to see more.
The post Indian Authorities Imposes $83 Million Tax Showcause Notice on Binance appeared first on Coinfomania.
