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The Economic Times

Markets / The Economic Times

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India cracks down on privacy cryptos, flags money laundering risks

India is taking a strong stance against privacy cryptocurrencies. The Financial Intelligence Unit has directed crypto exchanges to stop dealing in these virtual assets. This move aims to curb money laundering and mask transaction trails. Privacy coins like Monero and Zcash use advanced cryptography to hide user identities and transaction details. This directive could significantly impact trading on recognized platforms.

22 Jan 2026 6:16 am