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JAMMU, Aug 12: The ED probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the ‘darker side’ of cryptocurrencies, a top government source said on Thursday. The source added that people should exercise caution in absence of a regulation to govern cryptocurrencies and so-called exchanges trading in them. “Caution is the word that should be in the minds of the people dealing with crypto. In the episode of Wazi...

The Enforcement Directorate probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the 'darker side' of cryptocurrencies, a top government source said on Thursday.

Finance Minister Sitharaman urged G20 nations to bring cryptocurrencies under ‘Automatic Exchange of Information Framework’ (AEIF) at the G20 Ministerial Symposium on Tax and Development. Here’s what AEIF means.

India's finance minister has called on the G20 countries to bring crypto within the "Automatic Exchange of Information" framework.

Nirmala Sitharaman has requested G20 to put forward cryptocurrency inside the "Automatic Exchange of Information" infrastructure.

Get latest articles and stories on India at LatestLY. Finance minister Nirmala Sitharaman on Thursday said G20 should examine the feasibility of bringing non-financial assets like crypto in the ambit of automatic exchange of information among nations to check tax evasion. India News | Automatic Exchange of Info Should Also Cover Assets Like Crypto: FM at G20.