India's financial intelligence agency has recently tightened regulations on privacy-focused cryptocurrencies, directing all domestic crypto exchanges to suspend operations involving these tokens. Based on latest reports, privacy coins have been classified as 'restricted assets' within a new compliance and oversight framework, making deposits and withdrawals of such tokens prohibited on regulated platforms.
The move reflects India's intelligence agency stance on privacy-enhanced cryptocurrencies, which are viewed as potential compliance risks. By restricting these digital assets' circulation th