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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Nirmala Sitharaman’s Fast Yet Clear Crypto Views For India!

Nirmala Sitharaman is confident with crypto in India.  Points out various negative impacts of crypto too. India to launch its

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India Ranks No.1 in Terms of Number of Crypto Holders Globally: Report

India ranked second in overall crypto searches. India’s crypto industry increased 641 percent. The legislative position of cryptocurrency in India

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India Seeks Common Crypto Framework for All Countries to Deal With ‘Many Collapses and Shocks in Cryptocurrencies’

India’s finance minister, Nirmala Sitharaman, said during her official visit to the U.S. that crypto regulation is a very important part of the discussion by the G20 countries given “so many collapses and shocks in cryptocurrencies.” She stressed: “We seek to develop a common framework for all countries to deal with this matter.” India Seeks

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Indian Government Answers Questions About Crypto Legalization, Fraud Prevention

The Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud and cybercrime,” the Minister of State for the Ministry of Finance told parliament. [...]

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