The Indian government has declared that the country's anti-corruption regulations will apply to token and cryptocurrency transactions. According to a notice issued by India's finance ministry, the Prevention of Money Laundering Act (PMLA) will apply to transactions involving "virtual digital assets" .

Crypto transactions now under India's money laundering law

After the Reserve Bank of India governor warned investors against digital currency, India’s Prime Minister Narendra Modi chaired a meeting on Saturday to address the concerns about the virtual currency market.

Indian Prime minister chairs cryptocurrency meet

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Crypto transactions now under India's money laundering law

Indian Prime minister chairs cryptocurrency meet