
AML Laws to Be Implemented to Crypto in India
The Indian Ministry of Finance has decided to extend anti-money laundering legislation to the digital currency market.
The Indian Ministry of Finance has decided to extend anti-money laundering legislation to the digital currency market.
According to the head of the Reserve Bank of India, a massive transition to digital currencies could trigger a global financial crisis.
Trading volumes on crypto exchanges in India have fallen following the approval of a new tax on cryptocurrency transactions.
The Reserve Bank of India (RBI) has said it plans to follow a phased approach to the implementation of its own central bank digital currency (CBDC).
The Indian Ministry of Finance has determined that when calculating taxes, traders will not be able to offset losses in one digital asset with gains in another.