India Tuesday imposed money laundering provisions on the cryptocurrency sector, the latest step by the government to tighten oversight of digital assets. The Finance Ministry, in a notice, said that anti-money laundering legislation has been applied to crypto trading, safekeeping, and related financial services. Cryptocurrency, Web3 Sectors Need Significant International Collaboration for Effective Regulation, Says Finance Minister Nirmala Sitharaman.

Money Laundering Provisions on Crypto:

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