India Denies Crypto Payment Claims After Sanmar Herald Hormuz Incident
India has rejected claims that the Indian-flagged tanker Sanmar Herald made cash or cryptocurrency payments to secure passage through the Strait of Hormuz, after social-media posts linked the vessel’s reported April 18 incident to a fake clearance scheme. The Ministry of External Affairs issued a “Fake News Alert”, while the Ministry of Ports, Shipping and […]
India Tax Authorities Flag Crypto Risks Amid Regulatory Uncertainty
India’s tax and enforcement posture is tightening the operating environment for domestic crypto activity, while the technical design of public blockchains makes clean compliance workflows harder to execute. The result is a growing incentive to route trading offshore and a higher cost of building audit-ready trails onshore.