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News Explorer — Indian Crypto Platforms Must Enhance Surveillance to Prevent Illicit Finance and Terror Funding From Border Regions

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May 13, 5:18 pm
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Indian Crypto Platforms Must Enhance Surveillance to Prevent Illicit Finance and Terror Funding From Border Regions

In India, crypto platforms are required to increase monitoring of transactions from border regions like Jammu and Kashmir to prevent illicit finance and terror funding. The directive from the Financial Intelligence Unit targets "private wallets" facilitating peer-to-peer transfers outside exchange oversight, potentially aiding in bypassing formal banking channels.

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