TLDR
- Binance founder CZ reacted to a major bribery case involving a senior Indian IRS officer.
- The CBI seized large amounts of gold, silver, and cash but found no cryptocurrency.
- CZ pointed out that even a small amount of crypto would have made it a crypto-related case.
- The case reignited discussions about India’s unclear and strict stance on cryptocurrency.
- The Supreme Court of India recently urged the government to define proper crypto regulations.
Binance founder Changpeng Zhao (CZ) made a sharp comment on Indian crypto regulations following a high-profile bribery case. The Central Bureau of Investigation (CBI) seized traditional assets but found no digital currency involved. CZ’s remarks highlighted the inconsistent treatment of cryptocurrencies in India’s legal and regulatory environment.
CZ Reacts to Bribery Case Involving IRS Officer
Binance’s CZ responded after Indian authorities arrested a senior IRS officer, Amit Kumar Singal, for accepting a ₹25 lakh bribe. The CBI conducted a raid and seized 3.5 kilograms of gold, two kilograms of silver, and ₹1 crore in cash. However, officials reported no cryptocurrencies among the confiscated assets.
No crypto involved, right?
If he had $100 BTC, it would have been a crypto problem. 😂
— CZ 🔶 BNB (@cz_binance) June 3, 2025
Despite the absence of digital currencies, CZ used the case to comment on India’s regulatory approach towards crypto. He stated that even minimal crypto involvement would have likely labeled the case as a crypto issue. This reflects the sentiment that crypto often receives disproportionate scrutiny in India.
Binance has frequently addressed global regulatory challenges, and CZ’s recent comments reignited debate around India’s crypto policies. His remarks emphasized the bias that digital currencies often face despite growing adoption. India continues to struggle to create a clear framework for the crypto industry.
Ongoing Legal and Policy Challenges for Indian Crypto Sector
The Supreme Court of India recently raised concerns about the lack of clear regulation around cryptocurrencies. Judges expressed dissatisfaction over the government’s move to tax crypto at 30% without defining proper guidelines. This contradiction has intensified pressure on policymakers to provide a comprehensive legal structure.
India’s Finance Ministry has acknowledged global risks of crypto use, citing terror financing and money laundering concerns. Yet, despite discussions, the nation still lacks a defined policy or dedicated regulatory body for digital assets. Binance, which operates globally, has urged for uniform crypto laws in such environments.
In the past, India proposed an outright ban on cryptocurrencies, with the Reserve Bank of India recommending prohibition. However, recent statements suggest the government may align with international efforts on crypto regulation. Binance has remained vocal about such developments, especially in countries with inconsistent policies.
Binance’s Influence on the Global Crypto Dialogue
Binance continues to shape global conversations about crypto regulation, with CZ regularly commenting on government actions. His recent post indirectly criticized India’s tendency to frame cases differently when crypto is involved. The absence of any digital currency in this case made his comment particularly pointed.
The platform has expanded its footprint in several regions despite facing scrutiny in some jurisdictions. CZ’s statement added pressure on Indian authorities to treat crypto assets with the same standard as traditional holdings. Binance remains one of the most influential names pushing for global crypto fairness.
With India reviewing its stance on digital assets, international platforms like Binance closely follow developments. CZ’s latest comment reflects broader concerns about how uneven regulatory frameworks affect the perception of crypto.
