India's Financial Intelligence Unit (FIU-IND) has prohibited privacy-focused cryptocurrencies Monero (XMR), Zcash (ZEC), and Dash (DASH) in a new anti-money laundering crackdown. The directive orders all registered crypto exchanges in the country to immediately suspend deposits, withdrawals, and trading for these assets, citing their advanced cryptographic features that obscure transaction details and user identities. Regulators argue these privacy tools hinder compliance with KYC and anti-money laundering obligations, posing elevated risks for illicit financing. While the three coins showed short-term price gains following the announcement, they remain significantly down over the past week. This action is part of India's broader regulatory effort, which previously targeted unregistered offshore exchanges.
bitcoinist2026.01.24




