The government of India extending money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country’s borders. India’s money laundering laws will apply to trade in cryptocurrencies, Reuters reported citing a government notification dated 7 March 2023.
The message said that the exchange between virtual digital assets and fiat currencies between one or more forms of virtual digital assets and the transfer of digital assets would be covered under money laundering laws. .
Recent Comments