India Bans Privacy Crypto Trading The Financial Intelligence Unit (FIU) has ordered cryptocurrency exchanges to immediately halt dealings in privacy-centric virtual assets. This strategic move is designed to eliminate money laundering risks associated with untraceable transaction trails. Assets specifically targeted include **Monero** and **Zcash**, known for using advanced cryptography to conceal user identities and payment details. This regulatory shift is projected to have a substantial impact on trading volumes and asset availability across all recognized platforms in the country.