The Prevention of Money Laundering Act (PMLA) is an Indian law that aims to prevent money laundering and the financing of terrorist activities. As per recent developments, the Indian government is planning to bring crypto intermediaries under the ambit of #PMLA. This means that cryptocurrency exchanges, wallet providers, and other intermediaries will be required to comply with the PMLA regulations, including customer due diligence and reporting suspicious transactions.
The Indian government introduced a significant notification on March 7, 2023 bringing into coverage of various crypto intermediaries within the purview of the Prevention of Money Laundering Act, 2002 (PMLA). However, the Supreme Court of India overturned the ban in 2020, paving the way for greater adoption of #cryptocurrencies in the country.
The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams. The global crypto market stands at more than $1 trillion and has risen sharply in recent months, although it remains far below its 2021 peak of $3 trillion. The number of crypto customers 'grew during the Covid lockdowns .
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2:47 #AIIMS to equip itself with 5G network by June 30
3:30 Hitachi Energy Group hit by cyber-attack
4:05 #Amazon in advanced discussions to acquire MX Player
4:38 Parliamentary panel recommends state govts to identify cyber hotspots
5:15 #Twitter disables two-factor authentication for non-twitter blue subscribers
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The Prevention of Money Laundering Act (PMLA) is an Indian law that aims to prevent money laundering and the financing of terrorist activities. As per recent developments, the Indian government is planning to bring crypto intermediaries under the ambit of #PMLA. This means that cryptocurrency exchanges, wallet providers, and other intermediaries will be required to comply with the PMLA regulations, including customer due diligence and reporting suspicious transactions.
The Indian government introduced a significant notification on March 7, 2023 bringing into coverage of various crypto intermediaries within the purview of the Prevention of Money Laundering Act, 2002 (PMLA). However, the Supreme Court of India overturned the ban in 2020, paving the way for greater adoption of #cryptocurrencies in the country.
The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams. The global crypto market stands at more than $1 trillion and has risen sharply in recent months, although it remains far below its 2021 peak of $3 trillion. The number of crypto customers 'grew during the Covid lockdowns .
Today's Headline in NewsHours
0:00 Intro
2:47 #AIIMS to equip itself with 5G network by June 30
3:30 Hitachi Energy Group hit by cyber-attack
4:05 #Amazon in advanced discussions to acquire MX Player
4:38 Parliamentary panel recommends state govts to identify cyber hotspots
5:15 #Twitter disables two-factor authentication for non-twitter blue subscribers
Follow Us On :-
Website:https://varindia.com/
https://www.facebook.com/VARINDIAMagazine/
https://twitter.com/varindiamag
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https://www.linkedin.com/company/14636899/admin/
https://in.pinterest.com/varindia/
https://varind
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Hello friends i show you in this video some important news and updates about crypto currency and blockchain technology from all over world- Worldwide Crypto Regulate, India Bitcoin Ban, E*Trade Financial Group, IOTA, Jaguar, Russia Crypto Regulation, Finland BTC Regulate, Satoshi Nakamoto, John McAfee, Crypto Debit Card.
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