CRYPTOCURRENCY TRADING SUBJECT TO ANTI-MONEY LAUNDERING LAWS

Published On: 11/04/2023

Authors:

Amid growing concerns, the Ministry of Finance, on March 07, 2023, brought the trading of cryptocurrency and other digital assets within the ambit of India’s anti-money laundering laws. The Ministry’s notification ensures that all crypto businesses are now under the purview of our anti-money laundering laws and affords authorities greater power to monitor, scrutinise and reconstruct encrypted transactions. INDUSLAW’s Amit Jajoo, Avik Biswas, Arunima Kumar and Archit Sehgal provide their insights on the implication of the notification.