India: Published Notification subjecting crypto transactions to the Prevention of Money-Laundering Act
Description
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 …
Scope
Policy Area
Other operating conditions
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government