The central government has clamped down on cryptocurrency and crypto transactions will now come under the Money Laundering Act.
The government has implemented anti-money laundering regulations on cryptocurrencies or virtual digital assets to tighten monitoring of digital assets. The Finance Ministry said in a gazette notification that the Anti-Money Laundering Act has come into effect for crypto transactions, possession and related financial services. First Published Mar 9, 2023, 1:01 PM IST The central government …