Regulatory Scrutiny: India has announced that cryptocurrency transactions will come under money laundering provisions.

India's Crypto Regulations: The Indian government has announced that cryptocurrency transactions will now be covered under anti-money laundering laws. This move aims to enhance regulatory oversight of the crypto industry in the country.

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India continues to be a leader in crypto adoption with Delhi and Bengaluru having the highest number of investors [Economic Times]. A recent report highlights the growth of Decentralized Finance (DeFi) and the rise of GameFi and NFTs [India Today].

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