In line with the statements it has made, India has taken crypto transactions for money laundering on its radar.
Prominent in recent days with crypto money studies India has targeted money laundering activities in the light of the reports it has published. Declaring that he will start new plans by taking into account the laws, India , has its eyes on the illegal events in the crypto industry. on March 7 Indianewspaper’s statement on the subject has caught the attention of crypto investors.
Impact on Money Laundering Efforts from India
India Finance Ministry ‘s statement published on March 7, targeted money laundering in cryptocurrencies. This issue, which is especially mentioned with an emphasis on laws, Black Money laundering Prevention law( PLMA ) was subjected to 2002. With the decision made, the issuers virtual entityfinancial services for trading and offering PLMAincluded in its scope.
With this step, India has increased its efforts towards illegal activities in the crypto sector. Those who publish their papers with the support of the law India governmentmay intensify its measures on the subject.
