The Indian government is significantly bolstering its cryptocurrency enforcement capabilities by providing blockchain forensics training to key agencies, including the Financial Intelligence Unit (FIU-IND), Enforcement Directorate (ED), Narcotics Control Bureau (NCB), Cyber Crime Coordination Center (I4C), and the national police system. The training covers skills such as tracing on-chain funds, asset seizure, and wallet identification.
This initiative aligns with the inclusion of crypto assets under the Prevention of Money Laundering Act (PMLA) and the implementation of a taxation policy on crypto earnings, which includes a 30% tax rate and a 1% Tax Deducted at Source (TDS). The move aims to strengthen compliance, combat money laundering and tax evasion, and accelerate the transition of India's virtual digital asset regulation from ambiguity to systematic enforcement.
India Enhances Crypto Enforcement with Blockchain Forensics Training
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