Monero, Zcash, And Dash Prohibited In India Amid Money-Laundering Crackdown
India’s Financial Intelligence Unit (FIU‑IND) has launched a recent anti‑cash‑laundering crackdown geared toward privateness‑centered cryptocurrencies. The transfer targets Monero (XMR), Zcash (ZEC), and Dash (DASH), which collectively characterize the most important and most generally used privateness cash globally.
India Tightens Crypto Oversight
Details of the action had been shared on Friday by market analyst MartyParty on social media platform X (beforehand Twitter), who notes that FIU‑IND has issued a directive to crypto exchanges registered in India, instructing them to instantly droop deposits, withdrawals, and buying and selling exercise for Monero, Zcash, and Dash.
At the guts of the regulator’s issues is the expertise underpinning these belongings. Privacy cash depend on superior cryptographic methods designed to obscure transaction particulars, pockets balances, and consumer identities.
Monero makes use of ring signatures to cover the sender and receiver, Zcash permits shielded transactions that conceal transaction information, and Dash presents optionally available privateness options.
While these instruments are valued by customers looking for confidentiality, regulators argue they make it tough for exchanges to satisfy know‑your‑customer (KYC) and transaction‑monitoring obligations. The regulator views these options as posing elevated dangers associated to cash laundering, terrorist financing, and sanctions evasion.
The newest directive applies to all cryptocurrency exchanges registed within the nation, which presently consists of crypto platforms working in compliance with Indian laws. They have been instructed to cease supporting the belongings, together with delisting, blocking all deposits and withdrawals, and disabling any related buying and selling pairs.
Monero, Zcash, And Dash Show Mixed Market Reaction
The newest motion builds on a broader regulatory push by Indian authorities. In October 2025, FIU‑IND ordered web service suppliers to dam entry to 25 offshore crypto exchanges that did not register.
By distinction, solely a handful of exchanges presently stay absolutely registered and compliant within the nation. Binance, Mudrex, Coinbase, CoinSwitch (CoinSwitch Kuber), and ZebPay proceed to function legally in India.
Despite the regulatory pressure, market costs for the focused privateness cash confirmed brief‑time period resilience. Over the previous 24 hours, all three belongings posted beneficial properties after recovering from sharp losses earlier within the week.
Monero was buying and selling at $524 on the time of writing, up 3.5% on the day. Zcash additionally rebounded modestly, rising 2.2% to commerce at $372. Dash recorded the strongest day by day efficiency, leaping 11.6% throughout the identical interval.
However, the broader development stays unfavourable. According to CoinGecko data, Monero, Zcash, and Dash are nonetheless down sharply on a weekly foundation, with losses of roughly 21%, 8%, and 20% respectively over the previous seven days.
Featured picture from DALL-E, chart from TradingView.com
