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India’s Top Court Slams Lack of Crypto Regulation, Links Bitcoin to Hawala
7.5.2025
India’s top court just ignited a regulatory firestorm, slamming bitcoin trading as refined Hawala and blasting government delays that leave the crypto market in legal limbo. Indian Supreme Court Calls Bitcoin Refined Hawala, Decries Absence of Regulatory Framework The Supreme Court of India...
Crypto-enabled hawala transactions: Legal and regulatory implications
20.2.2025
Explore the informal hawala remittance and transaction market and the challenges that it poses when combined with cryptocurrencies
Indian Authority Uncovers Large-Scale Crypto and Hawala Operation, Arrests Key Player
21.6.2024
India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold...
U.S. Sanctions Hezbollah Crypto Operator Linked to Terrorist Funding
26.3.2024
A hawala operator who worked with agents from Hezbollah on cryptocurrency funding infrastructure has been sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the federal agency announced Tuesday. Tawfiq Muhammad Said Al-Law is accused of providing digital wallets to...
Terrorists are funding their horrible deeds with crypto: UN officials
31.10.2022
Cash and hawala remain the “predominant methods of terror financing,” according to a UN official, however, "advanced" terror organizations are turning to cryptocurrencies
Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers
14.12.2020
An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being...