Can India’s Tightened Crypto Rules Stop Money Laundering?
Antara Bhattacharyya
India tightened crypto rules, mandating KYC, reporting, and oversight to curb illicit flows, effectively enhancing transparency across exchanges nationwide today.
Regulations align exchanges with anti-money laundering laws, requiring transaction monitoring, suspicious activity reports, and cooperation with enforcement agencies nationwide.
Critics question enforcement capacity, cross-border anonymity, and decentralized platforms, warning that criminals may adapt faster than regulators globally, rapidly online.
Stricter compliance raises costs for startups, but could boost investor confidence, institutional participation, and legitimacy of India’s crypto ecosystem overall.
Success depends on coordination, technology adoption, and continuous updates, balancing innovation with security while tracking evolving laundering tactics across markets.