Rumors of an Indian tax investigation into cryptocurrency-related tax evasion are swirling, with sources indicating that the tax department is reportedly examining these activities. However, no official statements or confirmations have been issued from Indian authorities. While speculation regarding potential regulatory changes in response to such investigations is growing among market participants and industry insiders, it’s crucial to emphasize that the situation remains unclear without concrete confirmation. Despite this lack of verification, existing history shows a significant focus on cryptocurrency regulation in India with a 30% tax and a 1% TDS imposed on crypto trades in 2022. The impact on the Indian cryptocurrency market is yet to be determined. Investors and stakeholders are urged to await official statements from government authorities for clarity on potential regulatory shifts.