The Financial Action Task Force (FATF) has advised India to enhance its regulation of virtual assets. The global money laundering watchdog has urged India to strengthen its oversight of virtual assets to prevent illicit activities. This recommendation comes as the use of virtual assets, such as cryptocurrencies, continues to rise in India. The FATF has emphasized the importance of implementing effective measures to combat money laundering and terrorist financing in the virtual asset sector. India is now under pressure to bolster its regulatory framework to address these concerns and ensure the integrity of its financial system.
Subscribe
Login
0 Comments