Question
The recent amendment in the Prevention of
Money-Laundering Act, 2002, by the Ministry of Finance aims to expand the scope of the Act to include a broad spectrum of transactions related to:Solution
The Ministry of Finance has notified an amendment in Prevention of Money-Laundering Act, 2002. The amendment aims to expand the scope of the Act to cover a wide range of cryptocurrency or virtual digital assets (VDA) transactions under the purview of PMLA, 2002.Â
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