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India Brings Crypto Transactions Under Prevention of Money Laundering Act

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India Brings Crypto Transactions Under Prevention of Money Laundering Act

India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s efforts to prevent virtual digital assets “from being misused by bad actors.” India [……
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