by aria-ratings.com
March 12, 2026 at 09:31
FIU Clears Air on Crypto Privacy Coins in India
The Financial Intelligence Unit (FIU) of India has officially clarified that there is no ban on privacy coins like Monero (XMR) and Zcash (ZEC).
This announcement, made on March 10, 2026, alleviates concerns that exchanges were being forced to delist these cryptocurrencies.
Earlier reports had suggested tighter regulations due to anti-money laundering (AML) and counter-terrorism financing (CFT) compliance issues.
However, the FIU confirmed that exchanges are not under any specific obligation to remove these assets.
Privacy coins have faced scrutiny due to their ability to obscure transaction details, thus raising red flags for regulators.
Exchanges in India can continue to list these tokens if they implement rigorous monitoring measures.
Despite this positive news, the market response for Monero and Zcash has been mixed, with both experiencing some declines.
Overall, the FIU's clarification has somewhat improved sentiment towards privacy assets within the Indian crypto community.
Additionally, India is proactively developing a Virtual Asset Lab to identify unregulated offshore exchanges targeting local traders.
This initiative aims to ensure that platforms comply with Indian regulations regarding KYC and AML requirements to protect users.
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