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Indian authorities step up crypto monitoring as unregulated exchanges fuel cross-border illicit fund flows.
A joint investigation by The Indian Express and ICIJ reveals that unregulated cryptocurrency exchanges are increasingly being used to move illicit funds across borders, prompting Indian authorities to strengthen monitoring efforts amid concerns over a growing AI bubble and rising social media usage.
India's crypto market is projected to reach $15 billion by 2035, though risks persist due to weak oversight.
In other news, a man in Mumbai was arrested for molesting a French woman after CCTV evidence led to his confession.
Forty-two Indian pilgrims died in a Saudi Arabia bus accident, sparking calls for a full inquiry.
In Bihar, BJP and JD(U) are negotiating a power-sharing arrangement.
A woman in Bengaluru praised the city’s safety after finding her lost helmet, while Ahan Shetty denied reports of being dropped from a film.
Las autoridades indias intensifican el monitoreo de criptomonedas, ya que los intercambios no regulados alimentan los flujos de fondos ilícitos transfronterizos.