👀 India🇮🇳: regulator requires crypto exchanges to discontinue transfers in privacy coins (XMR, ZEC, DASH) and anonymous transactions

👀 India🇮🇳: regulator requires crypto exchanges to discontinue transfers in privacy coins (XMR, ZEC, DASH) and anonymous transactions

Updated guidance from the financial intelligence unit (FIU) states that exchanges and intermediaries should not allow the deposit or withdrawal of tokens designed to conceal the origin of funds, ownership, or transaction volumes. Operating with such assets is deemed incompatible with risk management requirements.

🔣 The regulator also requires platforms to collect detailed information on transactions involving third-party and non-custodial crypto wallets, and has introduced additional restrictions on operations conducted through such wallets.

🔣 Particular emphasis is placed on the risks associated with crypto mixers, which can be used to circumvent oversight mechanisms and sanctions regimes.

🔣 Additional measures: a parliamentary committee responsible for cryptocurrency regulation has put forward several proposals to introduce restrictions on crypto investors, including provisions similar to those applied in Russia🇷🇺 to non-qualified investors.

🔣 Context: in 2025, despite increasing regulatory pressure worldwide, privacy-focused cryptocurrencies experienced significant growth. This trend continued into the new year: during the first half of January, Monero reached a new high, while Dash recorded a surge of up to 70% in a single day. However, over the past week, XMR and Dash declined by approximately 30%, and Zcash fell by about 12%.

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