FameEX Hot Topics | India Introduces Money Laundering Provisions For Crypto Sector

Bloomberg reported that India’s Finance Ministry said on Tuesday in a notice that anti-money laundering legislation has been applied to cryptocurrency trading, safekeeping, and related financial services. Reuters added that the notification, dated March 7, said the exchange between virtual digital assets and fiat currencies, the exchange between virtual digital assets and the transfer of digital assets will fall under the scope of the newly introduced money laundering laws.

Extract from article of cryptodaily

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