India Tightens Crypto Surveillance in Border Regions to Curb Illicit Flows
Indian authorities are escalating scrutiny of cryptocurrency transactions originating from sensitive border areas, including Jammu & Kashmir, as part of efforts to disrupt cross-border terror financing and money laundering. The Financial Intelligence Unit (FIU-IND) has mandated exchanges to monitor and report peer-to-peer activity involving private wallets, which are seen as tools for obfuscating financial trails.
The move reflects growing concerns over crypto’s role in circumventing traditional banking channels, particularly in regions with porous borders. Intelligence agencies have flagged decentralized tools as potential conduits for illicit flows, though analysts note such regulatory measures are consistent with global trends toward crypto transparency.
