Concerns Over Crypto Money Laundering, Terror Financing, PM Chairs Meet

Concerns over unregulated crypto markets turning into avenues for money laundering and terror financing were discussed at a key meeting chaired by Prime Minister Narendra Modi on cryptocurrrency today, government sources said. The need to stop the attempts to mislead the youth through "over-promising and non-transparent advertising" was also talked about at the meet, they said.

The meeting comes on the day the Congres has alleged a multi-crore Bitcoin scam and its cover-up by the BJP government in Karnataka and demanded that an independent investigation be conducted into the matter.