India’s Income Tax department has launched an investigation into more than 400 high-net-worth Binance traders. The Indian tax authorities, headed by the Central Board of Direct Taxes (CBDT), suspect tax evasion despite the country’s stringent crypto tax rules. The investigation appears to be targeting offshore trading activities. According a 11 October 2025 Economic Times report, “the persons identified had evaded tax on their crypto profits, with many not disclosing the digital coins parked in wallets wi ...