India’s Financial Intelligence Unit #FIU_IND ) has directed exchanges to restrict privacy focused cryptocurrencies due to money laundering and regulatory concerns.
Here’s what’s happening:
• High risk tokens: Monero ( $XMR , ( $ZEC , $DASH
• Trading impact: Deposits, withdrawals, and trading may be halted on Indian exchanges
• Compliance requirement: Exchanges must now track transactions to ensure traceability
What holders should do:
-Check if your exchange supports these coins
-Manage liquidity and exit risk if trading is restricted
-Stay updated on FIU guidelines and AML rules
India is prioritizing transparency over privacy.
