India Takes Action: Investigating Cryptocurrency Exchanges

India has taken action to collect information about cryptocurrency exchanges around the world.

Authorities in India are developing a new database for cryptocurrency exchanges, including those operating on the dark web.

According to the Economic Times news, officials in the tax office and law enforcement agencies, used for illegal purposes They will be able to use this database to collect information about cryptocurrencies.

According to statements made by a Financial Intelligence Unit (FIU) official in India, the database is aimed to be introduced at the end of this calendar year.

According to the same official’s statements, India is especially interested in collecting information about exchanges operating on the dark web. aid from other countries waiting.

Prime Minister Narendra Modi, in his statements at the Business 20 (B20) summit in August, talked about cryptocurrencies. a global legal framework He emphasized that it should be created.

India applies to cryptocurrencies to high income tax although in the world one of the largest crypto markets is shown as .

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