Today Monday , 13 October 2025
Home India Targets Offshore Binance Crypto, 400+ Traders Under Probe

India Targets Offshore Binance Crypto, 400+ Traders Under Probe

Share
News
India Targets Offshore Binance Crypto, 400+ Traders Under Probe | 3.0 TV (3versetv)
Share

The Income Tax Department has started tightening its grip on undisclosed crypto profits, targeting over 400 wealthy individuals across India who allegedly hid their digital assets on Binance, the world’s largest cryptocurrency exchange, between 2022-23 and 2024-25.

These individuals, according to sources familiar with the matter, failed to declare profits earned from trading virtual digital assets (VDAs) and parked significant holdings in offshore Binance wallets.

Acting on instructions from the Central Board of Direct Taxes (CBDT), investigation wings in several cities have been asked to submit their reports by October 17.

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

News
Stablecoin Market Breaks Through $301.5 Billion | 3.0 TV (3versetv)

Stablecoin Market Breaks Through $301.5 Billion — Fresh Money Pours Into Crypto Despite Market Chaos

Something interesting happened last week that most people probably missed while watching Bitcoin’s wild price swings. The total stablecoin supply quietly smashed...

News
Circle Denies Plans To Issue HKD-backed Stablecoins | 3.0 TV (3versetv)

Circle Denies Plans To Issue HKD-backed Stablecoins

Stablecoin issuer Circle declares that it has no current plans to issue its own stablecoin pegged to the Hong Kong dollar. However,...

News
Marathon Digital Adds 400 BTC, Holdings Hit 52,850 BTC | 3.0 TV (3versetv)

Marathon Digital Adds 400 BTC, Holdings Hit 52,850 BTC

Bitcoin mining company Marathon Digital Holdings (MARA) has expanded its Bitcoin reserves again, purchasing an additional 400 Bitcoin (BTC), valued at approximately...

News
Coinbase and Mastercard in Talks to Acquire BVNK in $2B Stablecoin Deal | 3.0 TV (3versetv)

Coinbase and Mastercard in Talks to Acquire BVNK in $2B Stablecoin Deal

In a deal that could reshape the future of digital payments, Coinbase and Mastercard are reportedly locked in advanced negotiations to acquire...

Latest Blogs

Putin’s Advisor: U.S. Uses Stablecoin and Gold to Devalue $37 Trillion Debt

The Allegation Heard Around the World Digital currencies and geopolitical strategy have become a major focus of interest because a top Russian...

How to Report Crypto Scam?

Crypto Scam Reporting & Its Importance- The digital currency boom introduced new methods for handling money but it simultaneously increased the occurrence...

3.0 TV (3versetv): Your Gateway to the Future of Web3, Blockchain, and AI News

The internet’s future is being reshaped by Web3 Blockchain and Artificial Intelligence (AI) through 3.0 TV (3versetv) which delivers authentic fast and...

EU Eyes Ban on Multi-issuance Stablecoins: Implications for Crypto and Payments

On 30th September 2025, the European Systemic Risk Board under the European Union made a daring recommendation to ban multi-issuance stablecoins, which...

Related Articles

Putin’s Advisor: U.S. Uses Stablecoin and Gold to Devalue $37 Trillion Debt

The Allegation Heard Around the World Digital currencies and geopolitical strategy have...

How to Report Crypto Scam?

Crypto Scam Reporting & Its Importance- The digital currency boom introduced new...

3.0 TV (3versetv): Your Gateway to the Future of Web3, Blockchain, and AI News

The internet’s future is being reshaped by Web3 Blockchain and Artificial Intelligence...

EU Eyes Ban on Multi-issuance Stablecoins: Implications for Crypto and Payments

On 30th September 2025, the European Systemic Risk Board under the European...