According to Business Standard, India's Enforcement Directorate has, under anti-money laundering laws, seized criminal proceeds worth approximately 41.9 billion rupees (about $465 million) in cryptocurrency-related cases and has declared one defendant an economic offender. In addition, the Central Board of Direct Taxes ((CBDT)) has uncovered undeclared income from virtual digital asset ((VDA)) transactions amounting to 8.8882 billion rupees (about $100 million) during search and seizure operations.
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According to Business Standard, India's Enforcement Directorate has, under anti-money laundering laws, seized criminal proceeds worth approximately 41.9 billion rupees (about $465 million) in cryptocurrency-related cases and has declared one defendant an economic offender. In addition, the Central Board of Direct Taxes ((CBDT)) has uncovered undeclared income from virtual digital asset ((VDA)) transactions amounting to 8.8882 billion rupees (about $100 million) during search and seizure operations.