Agencies
NEW DELHI, Mar 12: A trends study conducted by the federal financial intelligence unit of India has expressed "suspicion" that cryptocurrency is being used across the country's landscape in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking apart from illegal betting and gambling.
The typologies report for the virtual digital assets (VDAs) and their service providers (crypto exchanges) was prepared by the Financial Intelligence Unit (FIU) during the 2023-24 financial year after gathering a number of suspicious transaction reports (STRs) generated from this sector and conducting their "operational analysis".
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