ED attaches properties of Jet Airways, Naresh Goyal family in money laundering case
Goyal has been in ED custody since September 1 under the Prevention of Money Laundering Act and is currently lodged in Mumbai's Arthur Road jail.
Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said.
Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said.
This was announced through a gazette notification, issued on March 7.
The step has been taken to tighten misuse of digital assets.
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Government in the gazette has warned investors against “participation in and provision of financial services related to an issuer’s offer and sale of a virtual digital asset”.
“Exchange and transfer of virtual digital assets would also fall under PMLA laws,” the notification further said.
According to the Income tax act, a virtual digital asset refers to any information, code, number, or token generated through cryptographic means.
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