[ad_1]
The proposal was made shortly after India added crypto to anti-money laundering guidelines (PMLA or Prevention of Cash Laundering Act), making crypto exchanges, non-fungible token (NFT) marketplaces and custody service pockets suppliers legally liable for monitoring suspicious monetary actions in March 2023. The jury on what this meant for India was divided. Authorized consultants mentioned this gave tooth to the regulators overseeing the business for the primary time. On the similar time, advocates of the crypto business mentioned this gave “extra legitimacy” to the sector as a result of “including crypto to anti-money laundering guidelines is a few semblance of regulation,” a senior business participant mentioned Monday.
[ad_2]
Source link
