🇮🇳 India just busted a ₹226 crore crypto network allegedly linked to drugs, money laundering & terror financing.
And the craziest part?
Investigators say the network heavily used Monero ( $XMR), the privacy coin governments struggle to track.
According to Gujarat Cyber officials:
• Funds moved through dark web marketplaces
• Cross-border hawala channels were involved
• Wallets allegedly linked Ahmedabad, Mumbai & international syndicates
• Transactions reportedly traced back to an illegal drug platform on the dark web
This is exactly why governments worldwide remain nervous about privacy coins.
CT loves saying: “Crypto can’t be stopped.”
But stories like this guarantee regulators will push even harder on surveillance, KYC, wallet tracking & exchange controls.
The battle between privacy and regulation is only getting started.