Security Agencies Identify Crypto Hawala Network Funding Jammu and Kashmir

Security agencies have identified a sophisticated 'crypto hawala' network using unregulated cryptocurrency to bypass India's financial safeguards and funnel untraceable foreign funds into Jammu and Kashmir. Officials warn these funds may support terror activities and revive separatist elements in the region. While India mandates registration of Virtual Digital Asset Service Providers with the Financial Intelligence Unit, this network operates off the grid, prompting new government guidelines to enhance user verification and monitoring.