India Strengthens Crypto Regulations, Targets Anonymity Tokens

India has updated its rules for digital money to make it safer.

They are especially worried about digital money that can hide who owns it or where it comes from.

The new rules say that any digital money that makes transactions secret is too risky and should not be allowed.

This includes things like crypto tumblers and mixers.

If someone wants to move digital money between two wallets, at least one of them must be a wallet that the company controls, so they can check who is sending and receiving the money.

The rules also say that companies must have a special certificate to show they are following all the security rules.

This is to make sure that bad people can't use digital money to do bad things like money laundering or funding terrorism.