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  • News From Press Crypto bosses should have seen a government backlash coming

    Crypto bosses should have seen a government backlash coming

    Source: Mint Apr 6, 2022

    The Indian Premier League T20 cricket tournament is currently on. And unlike last year’s edition, there are barely any advertisements by crypto platforms or exchanges. An explanation perhaps lies in the fact that the managers of these exchanges are finally taking government risk into account, something they had ignored earlier.

    In an answer to a question raised in the Lok Sabha, the government said that around ₹96 crore was recovered from 11 crypto exchanges for evasion of goods and services tax.

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