Monero, Zcash, And Dash Prohibited In India Amid Money-Laundering Crackdown

bitcoinistОпубліковано о 2026-01-24Востаннє оновлено о 2026-01-24

Анотація

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.

India’s Financial Intelligence Unit (FIU‐IND) has launched a fresh anti‐money‐laundering crackdown aimed at privacy‐focused cryptocurrencies. The move targets Monero (XMR), Zcash (ZEC), and Dash (DASH), which together represent the largest and most widely used privacy coins globally.

India Tightens Crypto Oversight

Details of the action were shared on Friday by market analyst MartyParty on social media platform X (previously Twitter), who notes that FIU‐IND has issued a directive to crypto exchanges registered in India, instructing them to immediately suspend deposits, withdrawals, and trading activity for Monero, Zcash, and Dash.

At the heart of the regulator’s concerns is the technology underpinning these assets. Privacy coins rely on advanced cryptographic techniques designed to obscure transaction details, wallet balances, and user identities.

Monero uses ring signatures to hide the sender and receiver, Zcash allows shielded transactions that conceal transaction data, and Dash offers optional privacy features.

While these tools are valued by users seeking confidentiality, regulators argue they make it difficult for exchanges to meet know‐your‐customer (KYC) and transaction‐monitoring obligations. The regulator views these features as posing elevated risks related to money laundering, terrorist financing, and sanctions evasion.

The latest directive applies to all cryptocurrency exchanges registed in the country, which currently includes crypto platforms operating in compliance with Indian regulations. They have been instructed to stop supporting the assets, including delisting, blocking all deposits and withdrawals, and disabling any associated trading pairs.

Monero, Zcash, And Dash Show Mixed Market Reaction

The latest action builds on a broader regulatory push by Indian authorities. In October 2025, FIU‐IND ordered internet service providers to block access to 25 offshore crypto exchanges that failed to register.

By contrast, only a handful of exchanges currently remain fully registered and compliant in the country. Binance, Mudrex, Coinbase, CoinSwitch (CoinSwitch Kuber), and ZebPay continue to operate legally in India.

Despite the regulatory pressure, market prices for the targeted privacy coins showed short‐term resilience. Over the past 24 hours, all three assets posted gains after recovering from sharp losses earlier in the week.

Monero was trading at $524 at the time of writing, up 3.5% on the day. Zcash also rebounded modestly, rising 2.2% to trade at $372. Dash recorded the strongest daily performance, jumping 11.6% during the same period.

However, the broader trend remains negative. According to CoinGecko data, Monero, Zcash, and Dash are still down sharply on a weekly basis, with losses of approximately 21%, 8%, and 20% respectively over the past seven days.

The 1D chart shows XMR’s volatility witnessed over the past week, with short-term support at $500. Source: XRMUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Трендові криптовалюти

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

PancakeSwapCAKE

JUSTJST

Пов'язані питання

QWhich specific cryptocurrencies are targeted by India's Financial Intelligence Unit (FIU-IND) in its latest anti-money-laundering crackdown?

AMonero (XMR), Zcash (ZEC), and Dash (DASH).

QWhat is the primary regulatory concern that led to the prohibition of these privacy coins in India?

AThe advanced cryptographic techniques that obscure transaction details, wallet balances, and user identities, making it difficult for exchanges to meet KYC and transaction-monitoring obligations, posing elevated risks for money laundering, terrorist financing, and sanctions evasion.

QWhat actions have Indian crypto exchanges been instructed to take regarding these assets?

AThey have been instructed to immediately suspend deposits, withdrawals, and trading activity, including delisting the coins and disabling any associated trading pairs.

QDespite the ban, what was the short-term market reaction for Monero, Zcash, and Dash?

AAll three assets posted gains over the 24 hours following the news, with Monero up 3.5%, Zcash up 2.2%, and Dash recording the strongest performance with an 11.6% jump.

QWhich major crypto exchanges are named as being fully registered and compliant to operate legally in India?

ABinance, Mudrex, Coinbase, CoinSwitch (CoinSwitch Kuber), and ZebPay.

Пов'язані матеріали

Coldcard Vulnerability Leads to $89 Million Theft, Sparking Largest On-Chain Migration Since FTX Collapse

A security vulnerability in Coldcard hardware wallets led to the theft of 1,367.05 BTC (approx. $89 million) from 4,585 addresses, according to Galaxy Research. The flaw, caused by insufficient randomness in seed phrase generation for specific firmware versions, triggered a massive migration of funds as users moved assets to new, secure wallets. This event caused the largest on-chain movement of small Bitcoin transactions since the FTX collapse, distorting key market indicators like active addresses and exchange deposits, and significantly dampening market sentiment. The incident also highlighted challenges in cybersecurity investigations, as researchers reported that safety guardrails on mainstream U.S. AI models hindered the analysis of attack patterns, forcing them to use an open-source Chinese AI model for forensic work. This underscores a dilemma in balancing AI security restrictions with the need for rapid response in tracing stolen crypto assets.

marsbit20 хв тому

Coldcard Vulnerability Leads to $89 Million Theft, Sparking Largest On-Chain Migration Since FTX Collapse

marsbit20 хв тому

Annual Salary of Millions Competing for Electricians, Meta Rushes to Open Its Own Technical School

The AI boom is facing an unexpected bottleneck: a severe shortage of skilled construction workers and electricians. As tech giants like Meta, OpenAI, and Alphabet race to build massive data centers—such as OpenAI's $16 billion "Stargate" project—they are hitting a critical labor wall. The U.S. needs an estimated 130,000 more electricians, 240,000 construction workers, and 150,000 supervisors by 2030 for AI infrastructure alone, but tens of thousands of electrician jobs go unfilled each year. While AI companies offer high premiums, with electricians earning up to $280,000 annually, worker scarcity still causes massive losses—delays on a single project can cost $14.2 million per month. The complexity of building AI data centers, which require immense power (equivalent to powering hundreds of thousands of homes), sophisticated electrical systems, and advanced liquid cooling solutions, demands highly skilled technicians who are in short supply. To combat this, companies are investing heavily in training. Meta has committed $115 million to a free training school offering tuition, housing, and stipends, targeting 5,000 new workers. OpenAI is partnering with unions to secure skilled labor. These efforts are paying off, with a significant rise in Gen Z interest in trade schools over college. However, the power demands are staggering. AI data centers are driving a rapid surge in electricity consumption, projected to account for up to 12% of U.S. power use by 2028 and raising costs for consumers. Furthermore, the construction boom is project-based, leading to a potential future glut of trained workers once building peaks, which could depress wages industry-wide. The race for AI supremacy now depends as much on skilled hands as on advanced chips.

marsbit1 год тому

Annual Salary of Millions Competing for Electricians, Meta Rushes to Open Its Own Technical School

marsbit1 год тому

OpenAI No Longer Sells Its Most Expensive Model for Profit

OpenAI is shifting its business strategy away from promoting its most expensive, flagship models for every task. Recent price cuts—80% for GPT-5.6 Luna and 20% for Terra—signal a deeper change: the company now actively advises users that many tasks don't require the most powerful model. Instead, OpenAI recommends a tiered approach: use the high-end GPT-5.6 Sol for complex planning and analysis, then delegate execution to cheaper models like Luna. This mirrors moves by Anthropic, which recently launched Claude Opus 5 at half the price of its top model, Fable 5. Both companies are de-emphasizing flagship models as primary revenue drivers, using them instead for brand prestige and technological showcases. The industry is entering a "mass-market" phase, similar to automotive, where high-volume, cost-effective models handle daily operations and drive scale. OpenAI's price reductions are partly enabled by AI models themselves optimizing underlying code and infrastructure, creating a self-reinforcing cycle of efficiency gains and cost reduction. Competition is shifting from "who is smartest" to "who offers the best value." The goal is no longer selling individual models but fostering widespread API adoption and ecosystem lock-in. By making AI calls cheap and ubiquitous, companies like OpenAI aim to become the indispensable, utility-like infrastructure powering automated workflows—the "water and electricity" of software, quietly embedded everywhere.

marsbit1 год тому

OpenAI No Longer Sells Its Most Expensive Model for Profit

marsbit1 год тому

Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn

Coldcard hardware wallet users are facing a new wave of coordinated attacks targeting a firmware flaw, with researcher Alex Thorn flagging 218 recent transactions moving approximately 389 Bitcoin from potentially impacted addresses. The attack pattern shows a high rate of transactions targeting unique victim addresses, differing from previous waves. The vulnerability, which causes affected devices to generate weaker wallet seeds, is estimated to have impacted over 1,100 wallets, leading to around $90 million in Bitcoin stolen. Thorn advises affected users who control their keys may attempt to move funds with a higher-fee transaction before the attacker's transactions are confirmed.

cointelegraph1 год тому

Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn

cointelegraph1 год тому

Bitcoin Miners Are Waving the White Flag, But Their Stocks Are Soaring

Bitcoin miners are capitulating as evidenced by a sustained drop in network hash rate and a record-steep 19.9% decline in mining difficulty, signaling the shuttering of unprofitable machines. However, in a significant divergence from historical patterns, the stocks of publicly traded mining companies have soared, with one major player gaining over 430% in the past year, even as BTC's price fell roughly 46%. This surge is largely attributed to these companies pivoting toward the more lucrative AI narrative. Simultaneously, miners face a structural squeeze. Daily block reward revenue in BTC terms has hit a new all-time low following the latest halving, with current dollar-denominated daily revenue around $30 million compared to a longer-term average of ~$40 million. Fee revenue remains negligible, covering less than one block's subsidy over a 28-day average and accounting for only about ten minutes of the network's daily security budget. This capitulation cycle is unique: miner stress and crypto price weakness have decoupled due to alternative revenue streams (AI), while the long-term reliance on increasing bitcoin prices to offset shrinking subsidies continues, with fee income still far from filling the impending gap.

marsbit1 год тому

Bitcoin Miners Are Waving the White Flag, But Their Stocks Are Soaring

marsbit1 год тому

Торгівля

Спот

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни DASH (DASH).

Monero, Zcash, And Dash Prohibited In India Amid Money-Laundering Crackdown

Анотація

India Tightens Crypto Oversight

Monero, Zcash, And Dash Show Mixed Market Reaction

Трендові криптовалюти

Пов'язані питання

Пов'язані матеріали

Coldcard Vulnerability Leads to $89 Million Theft, Sparking Largest On-Chain Migration Since FTX Collapse

Annual Salary of Millions Competing for Electricians, Meta Rushes to Open Its Own Technical School

OpenAI No Longer Sells Its Most Expensive Model for Profit

Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn

Bitcoin Miners Are Waving the White Flag, But Their Stocks Are Soaring

Торгівля

Популярні статті

Як купити DASH

Обговорення