Friday, 24 March, 2023

Cryptocurrencies in India now come under Prevention of Money Laundering Act 2002

<p>The Indian government has brought cryptocurrencies under the Prevention of Money Laundering Act 2002, making it mandatory for crypto exchanges and other service providers to register with regulators and follow KYC (know your customer) and AML (anti-money laundering) norms. The move is expected to bring more clarity and legitimacy to the crypto market in India.</p>