Skip to content
Subscriber Only

India Mulls Monitoring Digital Currencies to Track Crime

  • Government may ask regulators to help strengthen supervision
  • Industry wants to monitor itself with government oversight
Video player cover image

Why Ethereum and Bitcoin Are So Popular Lately

India is considering tracking digital currencies like bitcoin through the central bank and capital markets regulator along with intelligence agencies to monitor money laundering and terrorist financing, people with the knowledge of the matter said.

A federal government panel is examining options such as banning, regulating or limited intervention for virtual currencies in India, an area that’s currently neither regulated nor recognized by the government, said the people who asked not to be identified as the discussions are not public.