Regulations on crypto vary from country to country and authorities take measures against those who evade paying tax. In the U.S., Internal Revenue Service (IRS), for instance, this month launched a program under the name “Operation Hidden Treasure.” It is designed to keep track of the crypto income of the taxpayers who did not report it on the tax form.

In India, the government made it compulsory for companies to disclose crypto investments or trading activities, Business Today reports. According to the source, experts expect taxation regulations to follow. The Indian government has been discussing the introduction of a law that would ban all private cryptocurrencies. As a result, this law could make it illegal to hold or trade crypto.

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