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Monero, Zcash, And Dash Prohibited In India Amid Money-Laundering Crackdown

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Monero, Zcash, And Dash Prohibited In India Amid Money-Laundering Crackdown

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India’s Financial Intelligence Unit (FIU‑IND) has launched a fresh anti‑money‑laundering crackdown aimed at privacy‑focused cryptocurrencies. The move targets Monero (XMR), Zcash (ZEC), and Dash (DASH), which together represent the largest and most widely used privacy coins globally.

India Tightens Crypto Oversight

Details of the action were shared on Friday by market analyst MartyParty on social media platform X (previously Twitter), who notes that FIU‑IND has issued a directive to crypto exchanges registered in India, instructing them to immediately suspend deposits, withdrawals, and trading activity for Monero, Zcash, and Dash. 

At the heart of the regulator’s concerns is the technology underpinning these assets. Privacy coins rely on advanced cryptographic techniques designed to obscure transaction details, wallet balances, and user identities. 

Monero uses ring signatures to hide the sender and receiver, Zcash allows shielded transactions that conceal transaction data, and Dash offers optional privacy features. 

While these tools are valued by users seeking confidentiality, regulators argue they make it difficult for exchanges to meet know‑your‑customer (KYC) and transaction‑monitoring obligations. The regulator views these features as posing elevated risks related to money laundering, terrorist financing, and sanctions evasion. 

The latest directive applies to all cryptocurrency exchanges registed in the country, which currently includes crypto platforms operating in compliance with Indian regulations. They have been instructed to stop supporting the assets, including delisting, blocking all deposits and withdrawals, and disabling any associated trading pairs.

Monero, Zcash, And Dash Show Mixed Market Reaction

The latest action builds on a broader regulatory push by Indian authorities. In October 2025, FIU‑IND ordered internet service providers to block access to 25 offshore crypto exchanges that failed to register. 

By contrast, only a handful of exchanges currently remain fully registered and compliant in the country. Binance, Mudrex, Coinbase, CoinSwitch (CoinSwitch Kuber), and ZebPay continue to operate legally in India.

Despite the regulatory pressure, market prices for the targeted privacy coins showed short‑term resilience. Over the past 24 hours, all three assets posted gains after recovering from sharp losses earlier in the week. 

Monero was trading at $524 at the time of writing, up 3.5% on the day. Zcash also rebounded modestly, rising 2.2% to trade at $372. Dash recorded the strongest daily performance, jumping 11.6% during the same period.

However, the broader trend remains negative. According to CoinGecko data, Monero, Zcash, and Dash are still down sharply on a weekly basis, with losses of approximately 21%, 8%, and 20% respectively over the past seven days. 

Monero
The 1D chart shows XMR’s volatility witnessed over the past week, with short-term support at $500. Source: XRMUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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Netherlands Plans Unrealized Gains Tax on Stocks and Crypto

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Netherlands Plans Unrealized Gains Tax on Stocks and Crypto

The Netherlands plans to tax unrealized capital gains on a range of investments, including stocks, bonds and cryptocurrencies, sparking warnings of capital flight.

A majority of lawmakers in the Dutch parliament appear ready to back changes to the country’s Box 3 asset tax regime, which would require investors to pay annual tax on both realized and unrealized gains, even if assets have not been sold, NL Times reported on Tuesday.

The plan follows court rulings that struck down the existing system for relying on assumed, rather than actual, returns. The Tweede Kamer (House of Representatives) debated the proposal again this week, with more than 130 questions put to caretaker State Secretary for Taxation Eugène Heijnen.

While many lawmakers acknowledged flaws in the plan, most signaled they would support it, citing an estimated 2.3 billion euros ($2.7 billion) per year in lost revenue if implementation is delayed further.

Related: Blockrise wins Dutch MiCA license, brings Bitcoin-backed loans to EU businesses

Dutch parties back tax on unrealized gains

Under the proposal, investors in equities, bonds and cryptocurrencies would face annual taxation on paper gains. Heijnen reportedly told parliament that taxing only realized returns would be preferable but is not considered workable by the government before 2028. With public finances under pressure, further delays were ruled out.

Several parties, including People’s Party for Freedom and Democracy (VVD), Christian Democratic Appeal (CDA), JA21 (Right Answer 2021) and Farmer–Citizen Movement (BBB) Party for Freedom (PVV), are expected to back the bill.

Left-leaning parties such as Democrats 66 (D66), GreenLeft–Labour Party (GroenLinks–PvdA) also support the changes, arguing that taxing unrealized gains is simpler to administer and avoids major budget shortfalls, per the report.