FIU investigates crypto links to extremist groups via Binance and WazirX transfers.
TRX token trails from India to Syria raise alarm over global extremist financing.
India tightens crypto oversight as Pakistan formalizes regulation amid rising use.
India’s Financial Intelligence Unit (FIU) has launched an in-depth investigation into cryptocurrency fund movements linked to cross-border activities. The focus is on suspicious transactions involving Pakistan-based sources, particularly in the volatile Jammu & Kashmir region. Authorities are increasingly alarmed that decentralized finance tools may be used to channel funds to extremist groups, potentially undermining national security.
The probe specifically targets leading cryptocurrency exchanges Binance and WazirX. These platforms are suspected of facilitating transfers to unregulated private wallets.
Related: India Urged to Follow US and Bhutan in Adopting a Sovereign Bitcoin Strategy
These wallets operate outside the oversight of licensed exchanges, making them ideal for illicit transactions. FIU is working closely with multiple domestic and international exchanges to trace digital fund flows t…
The post India’s FIU Intensifies Probe into Binance, WazirX Amid Cross-Border Crypto Terror Concerns appeared first on Coin Edition.
