Finance Ministry has tweaked the anti-money laundering law by bringing
cryptocurrencies and other virtual digital assets trade under its ambit..
This means that exchanges, custodians, and wallet providers...
among others in crypto-related trade,... Read more at:
will fall under the Prevention of Money Laundering Act...
The government has imposed money laundering provisions on cryptocurrencies or..
virtual assets as it looks to tighten oversight of digital assets.
Further, in regards to ownership, the ministry directed that any individual or group who holds
Intelligence Unit India (FIU-IND). The move is in line with the global trend of requiring/
digital-asset platforms to follow anti-money laundering standards similar
to those followed by other regulated entities like banks or stock brokers...