India's finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA).Noting that the move is a positive step in recognizing the sector, a crypto insider explained that it will strengthen the industry's efforts to prevent virtual digital assets from being misused by bad actors.
#responsible #administration #recommendation #discussions #shutterstock #comments-section #transactions #classification #financial-services #cryptography
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