India: Crypto transactions regulation under the Prevention of Money-Laundering Act
Progress
Current status
in force
07 Mar 2023 in force
Scope
Implementers
India
Policy Area
Other operating conditions
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Published Notification subjecting crypto transactions to the Prevention of Money-Laundering Act
On 7 March 2023, the Gazette of India published a notification from the Ministry of Finance subjecting crypto transactions to the Prevention of Money-Laundering Act 2002. In particular, the adopted order would make subject to the Act the exchanges …
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central government