Financial Intelligence Unit puts large crypto OTC deals under scanner, asks exchanges for trade data

Indian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data from major crypto exchanges for transactions exceeding $10,000. This move aims to combat money laundering and track beneficial owners. These off-market deals are insulated from price volatility. The focus is on ensuring transparency and preventing illicit activities within the digital asset space.

Raccontata daeconomictimes.indiatimes.com