49 crypto exchanges register with FIU; focus on curbing money laundering: Report
49 crypto exchanges register with FIU; focus on curbing money laundering: Report
In an effort to combat illicit activities, the Financial Intelligence Unit officially registered 49 predominantly Indian cryptocurrency exchanges. This comes as part of the country's efforts to combat money laundering and prevent terrorist financing risks in the digital currency sector, which includes hawala-unaccounted transactions, gambling, scams, fraud, and even an instance involving an illegal adult content website.
In an effort to combat illicit activities, the Financial Intelligence Unit officially registered 49 predominantly Indian cryptocurrency exchanges. This comes as part of the country's efforts to combat money laundering and prevent terrorist financing risks in the digital currency sector, which includes hawala-unaccounted transactions, gambling, scams, fraud, and even an instance involving an illegal adult content website.
In an effort to combat illicit activities, the Financial Intelligence Unit officially registered 49 predominantly Indian cryptocurrency exchanges. This comes as part of the country's efforts to combat money laundering and prevent terrorist financing risks in the digital currency sector, which includes hawala-unaccounted transactions, gambling, scams, fraud, and even an instance involving an illegal adult content website. 
