India Probes Crypto Use in Terror Financing Linked to Pakistan
- India’s Financial Intelligence Unit (FIU) has launched a probe into crypto-based terror financing
- The investigation is focused on suspicious cross-border transactions involving Pakistan and the Kashmir region
- Major exchanges like Binance are being scrutinized for their role in facilitating transfers to private wallets
India’s Financial Intelligence Unit (FIU) has launched an in-depth investigation into cryptocurrency fund movements linked to cross-border activities. The focus is on suspicious transactions involving Pakistan-based sources, particularly in the volatile Jammu & Kashmir region.
Authorities are increasingly alarmed that decentralized finance tools may be used to channel funds to extremist groups, potentially undermining national security.
The Investigation’s Focus: Binance and Unregulated Wallets
The probe is specifically targeting the role of leading cryptocurrency exchanges in these fund flows.
Now, the wallets under probe operate outside the oversight of licensed exchanges, making them ideal for illicit transactions.
WazirX Fights Separate Legal Battle in Singapore
While the Indian FIU’s probe unfolds, the Indian-founded cry…
The post India Probes Crypto Use in Terror Financing Linked to Pakistan appeared first on Coin Edition.
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India Probes Crypto Use in Terror Financing Linked to Pakistan
- India’s Financial Intelligence Unit (FIU) has launched a probe into crypto-based terror financing
- The investigation is focused on suspicious cross-border transactions involving Pakistan and the Kashmir region
- Major exchanges like Binance are being scrutinized for their role in facilitating transfers to private wallets
India’s Financial Intelligence Unit (FIU) has launched an in-depth investigation into cryptocurrency fund movements linked to cross-border activities. The focus is on suspicious transactions involving Pakistan-based sources, particularly in the volatile Jammu & Kashmir region.
Authorities are increasingly alarmed that decentralized finance tools may be used to channel funds to extremist groups, potentially undermining national security.
The Investigation’s Focus: Binance and Unregulated Wallets
The probe is specifically targeting the role of leading cryptocurrency exchanges in these fund flows.
Now, the wallets under probe operate outside the oversight of licensed exchanges, making them ideal for illicit transactions.
WazirX Fights Separate Legal Battle in Singapore
While the Indian FIU’s probe unfolds, the Indian-founded cry…
The post India Probes Crypto Use in Terror Financing Linked to Pakistan appeared first on Coin Edition.
Read More
Retail accumulation absorbs fresh supply, propels Bitcoin to record highs