Govt brings crypto trading under anti-money laundering provisions
New Delhi: The government has introduced anti-money laundering regulations on the cryptocurrency industry, as part of its ongoing efforts to strengthen legal control over digital assets.
In a notice on Tuesday, the Finance Ministry said anti-money laundering laws will be applicable to crypto trading, safekeeping, and related financial services.
In the previous year, India implemented stricter tax regulations on the cryptocurrency industry, which included imposing a tax on trading. These measures, along with a worldwide decline in digital asset values, resulted in a sharp drop in domestic trading activity.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
'Accept by Sunday 6 pm or all hell will break loose': Donald Trump issues ultimatum to Hamas
Massive hunt in different locations going on to nab 4 remaining jail breakers, SP
Pakistan denies backing Trump’s 20-point Gaza peace plan amid domestic outrage
Public Now’ launched its first Puja special issue “Sharad Trinayani”, unveiled by CM
