Crypto Compliance

India’s Financial Intelligence Unit has issued anti-money-laundering compliance notices to fifteen virtual digital asset service providers, citing deficiencies in customer identification, suspicious transaction reporting and cross-border fund monitoring. The action is part of India’s continuing drive to clean up crypto industry compliance and signals that major Asian economies are tightening their grip on crypto asset AML oversight.

Iran has eased currency controls to let exporters use overseas earnings directly to fund imports, bypassing the official foreign exchange system, with cryptocurrencies playing a key settlement role in the process. The shift is being read as an important attempt by Iran to build a compliant cross-border payment route under continued Western sanctions and may open new space for compliant crypto asset adoption across the Middle East.