Since the internet companies in India refuse to end their fake team, fake friendship, online, financial fraud, slavery racket the real domain investor is making huge losses, while 20-30 greedy fraud married women and other cheaters are getting no work, no investment government jobs in the indian internet sector, only for FAKING online income and domain ownership
Additionally to cover up massive indian internet sector online, financial fraud, slavery racket the real domain investor is systematically denied the income and opportunities she deserved and does not get any paid work, other than low paying crypto work.
Due to change in government regulations in India, Binance is now asking for the address, company registration number/tax id of the sender, before crediting the payment to the Binance account.
Often the money making websites are not providing any contact details, tax id on their website, making it difficult for the recipient to provide the information
Many online workers, are getting paid very small amounts of Rs 50 or 100 for the work they do.
So instead of demanding taxid, the government should be considerate and waive the taxid requirement for smaller amounts or allow the user to specify the website or app which is paying them for the work they do.
For many users crypto is an alternative to Paypal which does not ask for the senders tax id.