anti-money laundering legislation

It is reported that the Indian Law Enforcement Agency is investigating several cases of cryptocurrency money laundering, and has so far confiscated US $115 million of cryptocurrency in such crimes. Last week, the Ministry of Finance of India said in a notice that the anti-money laundering legislation has been applied to cryptocurrency transactions, custody and related financial services, and companies operating in the encryption field will need to implement customer verification procedures. The Indian Law Enforcement Bureau has seized more than US $115 million of cryptocurrency in money laundering cases Analysis based on this information:The Indian Law Enforcement Agency has been investigating several cases of cryptocurrency money laundering and has confiscated US $115 million in such crimes. This comes following a notice from the Ministry of Finance of India, which stated that the anti-money laundering legislation has been applied to cryptocurrency transactions, custody, and related financial services. Companies operating in the encryption field will need to implement customer verification procedures…

It is reported that in a notice issued by the Ministry of Finance of India, the anti-money laundering legislation has been applied to cryptocurrency transactio…