India tightens crypto rules to fight money laundering and terror funding
India has introduced stricter regulations for cryptocurrencies to combat money laundering and terrorist financing. The new rules require crypto exchanges and service providers to conduct thorough customer due diligence and report suspicious transactions to authorities. Additionally, the government is implementing a framework for the registration of crypto entities and enhancing monitoring of digital asset transactions. These measures aim to align India's crypto regulations with global standards and ensure greater financial security. The move reflects the country's growing concerns over the potential misuse of cryptocurrencies for illicit activities.
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