Overview
- The Enforcement Directorate reported attachments, seizures and freezes totaling Rs 4,189.89 crore under the Prevention of Money Laundering Act in cryptocurrency-linked probes.
- Investigations have led to 29 arrests with 22 prosecution complaints filed, and one accused designated a Fugitive Economic Offender.
- The Central Board of Direct Taxes identified Rs 888.82 crore in undisclosed income from virtual digital asset transactions during search and seizure operations.
- Under the CBDT’s NUDGE campaign, authorities sent 44,057 communications to taxpayers who traded in VDAs without reporting them in Income Tax Returns, using TDS–ITR matching to flag discrepancies.
- Virtual Asset Service Providers have been made reporting entities to FIU-IND for specified and suspicious transaction reports, with investigators receiving specialized digital-forensics training including through NFSU Goa.