What does PMLA Act mean for the Investors?

Created by Pratibha Shetty, Modified on Mon, 26 Feb, 2024 at 3:39 PM by Pratibha Shetty

The inclusion of virtual digital assets in the PMLA will work towards protecting cryptocurrency users in the country. Crypto transactions will be strictly monitored. And the Enforcement Directorate will be investigating any financial wrongdoing involving crypto assets. Crypto firms will ensure the execution of this law and protect the interests of their users. This does not impact compliant retail investors that are trading/investing in cryptocurrencies. They can continue to transact in cryptocurrencies as they have been doing.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article