India's tax authorities highlighted during a meeting with the Parliamentary Standing Committee on Finance that crypto asset transactions pose significant risks in tax regulation. Offshore exchanges, private key wallets, and DeFi tools make it harder to track and identify taxable income, while cross-border transactions involving multiple jurisdictions further complicate enforcement. Some transactions are nearly impossible to reconstruct during tax assessments. Currently, India imposes a flat 30% tax on crypto asset gains and a 1% withholding tax on all transfers. However, under the cautious regulatory stance, the tax regime is seen by the industry as facing challenges in fairness and feasibility during actual implementation. (Cointelegraph) http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54768