CoinVoice has learned that according to The Economic Times, India's Financial Intelligence Unit (FIU), a department under the Ministry of Finance, has requested domestic cryptocurrency exchanges and platforms to cease offering anonymous enhanced tokens (ACE), prohibit deposits or withdrawals of such tokens, and consider them as "unacceptable assets" under the risk mitigation framework. The FIU also warns that mixing coins through tools like "tumbler" and "mixer," as well as transferring to self-custody wallets, may facilitate the flow of funds from sanctioned or blacklisted addresses, making tracking difficult. Platforms are required to collect data related to non-custodial wallets and assess whether to set transaction limits for such transfers.
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CoinVoice has learned that according to The Economic Times, India's Financial Intelligence Unit (FIU), a department under the Ministry of Finance, has requested domestic cryptocurrency exchanges and platforms to cease offering anonymous enhanced tokens (ACE), prohibit deposits or withdrawals of such tokens, and consider them as "unacceptable assets" under the risk mitigation framework. The FIU also warns that mixing coins through tools like "tumbler" and "mixer," as well as transferring to self-custody wallets, may facilitate the flow of funds from sanctioned or blacklisted addresses, making tracking difficult. Platforms are required to collect data related to non-custodial wallets and assess whether to set transaction limits for such transfers.