💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
India targets over 400 wealthy Binance traders in tax evasion probe
The Indian tax authorities are investigating over 400 wealthy traders on Binance for suspected cryptocurrency tax evasion, according to The Economic Times. The investigation focuses on transactions from 2022 to 2025, after the Central Direct Tax Commission (CBDT) requested branches to report by October 17.
Cryptocurrency investors in India are subject to a 1% withholding tax on each transaction and a 30% tax on profits, raising the total tax rate to 42.7% for high-income individuals.
Binance was banned from operating in India by the end of 2023, but returned in August 2024 after paying a fine of 2.25 million USD and registering as a reporting entity with the FIU. This allows the government to access tax data. The investigation also examines P2P transactions via banks, Google Pay, or cash, while Binance is handling the damages from the depeg incident and has committed to compensating users.