3 Indian Crypto Exchanges on Investigators’ Radar for $3.5B Illegal Drug Transactions
Published on Oct 30, 2022
https://cb.run/aNT7 3 Indian Crypto Exchanges on Investigators’ Radar for $3.5B Illegal Drug TransactionsIndian investigation agencies are probing three crypto exchanges for their roles in illegal drug trade transactions after they were alerted by the Financial Intelligence Unit (FIU), which has zeroed in on nearly 200 such transactions. These financial dealings for suspected drug deals in Nigeria, the Cayman Islands, and the British Virgin Islands were reportedly carried out through three Indian digital asset management companies, a report in the Economic Times said. Illegal Drug Transactions
Enforcement Directorate (ED) and Income Tax Department, among other agencies, are probing the case. “Digital currency was used to buy and sell drugs and some of these...
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