Digital tax fine but what about crypto money laundering via Dark Web?

economictimes.indiatimes.com:

A Supreme Court bench observed last week that offence of money laundering is a more «serious and heinous crime than murder» as it hampers the entire economy. Even non-fungible tokens (NFTs) are now prone to money laundering. According to a report by Blockchain data platform Chainalysis, a small but growing portion of activity on NFT marketplaces could be attributed to money laundering.

Did you Know?

Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs

«While money laundering in physical art is difficult to quantify, we can make more reliable estimates of NFT-based money laundering thanks to the inherent transparency of the Blockchain,» the report said last week. According to legal and cyber law experts, the crypto ecosystem is becoming a fertile ground for cyber criminals. «This is so as these crypto-assets and cryptocurrencies are all based on Blockchain and, therefore, are now being extensively used on the Dark Web for the purposes of perpetuating various cyber-criminal activities,» Dr Pavan Duggal, a seasoned Supreme Court advocate and a cyber law expert, told IANS. Bitcoin and other cryptocurrencies have become the de-facto currency on the Dark Web. The use of crypto assets and cryptocurrencies actually present a very difficult situation for the law enforcement agencies to track down the attribution of a particular cyber act from the Dark Net. «This entire Blockchain-enabled tech is going to present a huge amount of challenges for nations, including India,» said Duggal. While clearing some air on taxation regarding digital assets, the absence