Indian Tax Department Shares Crypto Concerns Before Union Budget
India's tax authorities have voiced concerns regarding the enforcement of regulations related to virtual digital assets. According to reports, these concerns were raised ahead of the Union Budget presentation. The tax department's apprehension mirrors similar concerns previously expressed by the Reserve Bank of India. The development highlights the ongoing regulatory challenges associated with cryptocurrencies and other virtual assets within the Indian financial system. The specific nature of the enforcement challenges was not detailed in the provided source.
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