
Govt brings crypto trade, related activities under money laundering law
Latest move will give law enforcement agencies more powers to crack down on money laundering via crypto routes
Latest move will give law enforcement agencies more powers to crack down on money laundering via crypto routes
They are conduits for money laundering, hiding money and properties and evading tax, thereby making a mockery of corporate governance.
The ED is investigating several cases related to cryptocurrency frauds wherein a few crypto exchanges have been found involved in money laundering, says MoS Pankaj Chaudhary
Despite being the IT powerhouse of the world, lack of digital legislation has put the country's cyber defence under threat.
MG Motor says its books are maintained as per Indian accounting standards and audited by reputed audit firms.
ED says in its earlier searches, ₹17.32 cr cash was recovered at houses of alleged suspects, while 85.91870554 Bitcoins, equal to ₹13.56 cr, found on Binance, were frozen.
Bank accounts unfrozen after ED received all details and documents related to the money laundering probe; most “suspicious” accounts blocked in 2020-21, says WazirX
The accused is on board of Jillian India and has emerged as chief plotter of the whole racket of incorporating a large number of shell companies with Chinese links in country
RBI to soon come out with a “whitelist” of all ‘legal loan apps’ operating in country; MeitY to ensure only they get hosted on app stores
Paytm’s number of loans grew 246% and disbursements rose 484% YoY; its super app's consumer engagement recorded 40% growth in July-Aug