Overseas crypto earnings of moonlighters under I-T lens

Increased scrutiny on crypto earnings reflects global efforts to regulate digital assets and ensure tax compliance. This is more of a regulatory/individual finance issue than a stock market driver.

• •Overseas crypto earnings of moonlighters are under I-T lens.
• •Individuals in technology and consulting sectors allegedly received compensation in Stablecoins or other cryptocurrencies.
• •Cryptocurrencies were parked in wallets linked with accounts outside India.
• •Probe also flagged residents investing in overseas crypto ETFs without reporting holdings or gains.
• •Risk flag: Potential for stricter crypto regulations in India.