Crypto in Smuggling: India's Warning
Update: 2025-12-05
Description
Indias anti-smuggling agency warns of cryptos role in drug, gold trafficking. The Directorate of Revenue Intelligence highlights how cryptocurrencies and stablecoins enable untraceable international money transfers, facilitating criminal activities. A notable case involved a 108kg gold smuggling operation, with proceeds sent to China using Tether and hawala networks. Forensic analysis aided in uncovering the scheme, emphasizing the need for global regulations to prevent misuse of virtual assets.
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