India is preparing to launch a global crypto exchanges database, covering both legitimate and dark web operations.
The database’s primary aim is to empower law enforcement agencies, including the ED, ITD and CBI.
India is gearing up to launch a global database of cryptocurrency exchanges in an effort to combat crimes and money laundering activities associated with digital assets. This database will not only encompass information about legitimate cryptocurrency exchanges but also include details on exchanges operating in the dark web.
According to a report by The Economic Times, the launch of this groundbreaking database is expected to occur by the end of the current fiscal year, making crucial information on crypto assets readily available to law enforcement agencies.
India is set to launch a Global Database of #Cryptocurrency Exchanges, including the ones on the Dark Web!
Know more about how this solidifies #India’s Crypto Regulatory Stance pic.twitter.com/yeI7iiNl6Q
— TheNewsCr
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