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India bans Monero, Zcash, and Dash over money laundering concerns
Source: Yellow Original Title: India bans Monero, Zcash, and Dash over Money Laundering Concerns
Original Link: India’s Financial Intelligence Unit has ordered cryptocurrency exchanges operating in the country to immediately suspend all trading, deposits, and withdrawals of privacy-focused cryptocurrencies Monero (XMR), Zcash (ZEC), and Dash (DASH), citing concerns over money laundering and terrorism financing linked to the anonymity features of these assets.
What happened: privacy coin ban
Market analyst MartyParty reported the development on the social media platform X, noting that FIU-IND issued the directive to all registered cryptocurrency exchanges.
The regulator’s order requires platforms to delist the three tokens, block all deposits and withdrawals, and disable related trading pairs. The core issue is the cryptographic techniques these assets use to hide transaction details, wallet balances, and user identities.
Monero employs ring signatures to conceal senders and recipients. Zcash offers shielded transactions that hide transaction data. Dash provides optional privacy features.
Regulators argue that these capabilities make it difficult for exchanges to comply with Know Your Customer (KYC) and transaction monitoring requirements. The directive follows a October 2025 order in which FIU-IND instructed internet service providers to block access to 25 offshore cryptocurrency exchanges that were not registered in India.
Only a handful of platforms remain fully compliant, including some leading exchanges in the market.
Why it matters: market resilience under pressure
Despite regulatory action, the affected tokens showed short-term price gains in the 24 hours following the announcement.
Monero traded at $524, up 3.5% for the day. Zcash increased 2.2% to $372. Dash recorded the best daily performance, jumping 11.6%.
Overall, DASH has positioned itself as the best-performing cryptocurrency among the top 300 digital assets this week, with an increase of over 100%, surpassing its privacy sector rival Monero, amid renewed investor interest in financial privacy tools and greater acceptance by merchants.