Binance fined $2.25M by India’s financial intelligence unit
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records. Go to Source
PMLA
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India Brings Crypto Transactions Under Prevention of Money Laundering Act
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.” India … Read more
