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Indian Agencies Probe Alleged "Crypto Hawala" Network Funding Terror in Jammu and Kashmir
Indian security officials said on Sunday that a sophisticated "crypto hawala" network is allegedly channeling funds to support terrorist activities in Jammu and Kashmir. The operation reportedly uses mule bank accounts, private crypto wallets and unregulated P2P traders, while foreign handlers from multiple countries rely on VPNs and avoid KYC checks. Authorities warn the scheme bypasses India's FIU registration rules for Virtual Digital Asset Service Providers and could strengthen separatist elements in the region.