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Money laundering law to apply to crypto trade: Govt
short by Anmol Sharma / on Wednesday, 8 March, 2023
The government stated cryptocurrency transactions or virtual assets will now come under ambit of Prevention of Money Laundering Act, 2002. In a gazette notification, the Finance Ministry said anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services. Crypto exchanges will have to report suspicious activity to Financial Intelligence Unit India.
read more at Hindustan Times