💨 Abstract

The Indian Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used in serious criminal activities such as terrorist financing, secessionist activities, cybercrime, narcotics trafficking, illegal betting, and gambling. The report, based on operational analysis and STRs, involves financial and national security implications. The FIU shared these trends with relevant law enforcement agencies, leading to necessary enforcement action in some cases.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖