PMLA, 2002 Amended To Include Cryptocurrency Trade... 

Finance Ministry has tweaked the anti-money laundering law by bringing

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cryptocurrencies and other virtual digital assets trade under its ambit..

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This means that exchanges, custodians, and wallet providers...

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among others in crypto-related trade,... Read more at:

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will fall under the Prevention of Money Laundering Act...

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The government has imposed money laundering provisions on cryptocurrencies or..

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virtual assets as it looks to tighten oversight of digital assets.

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Further, in regards to ownership, the ministry directed that any individual or group who holds

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Intelligence Unit India (FIU-IND). The move is in line with the global trend of requiring/

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digital-asset platforms to follow anti-money laundering standards similar

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to those followed by other regulated entities like banks or stock brokers...

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