**Crypto News Flash: India’s Crypto Conundrum Continues! 🇮🇳**

- **No Immediate Plans for Regulation:** The Indian government has no immediate plans to regulate the sale and purchase of cryptocurrencies, focusing instead on tightening oversight on crypto-related money laundering and terror financing.

- **Taxation Over Regulation:** Since April 2022, India has implemented a 30% tax on unrealized crypto gains and a 1% TDS, but no regulation for crypto transactions is in sight.

- **AML & CFT Efforts:** India is pushing for global cooperation to curb illicit crypto activities, banning several offshore exchanges for noncompliance.

- **Binance’s Tax Troubles:** Binance faces an $86M tax demand from Indian authorities, complicating its plans to reenter the market.

Stay tuned for more updates!