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FSB's Views On Crypto Asset Regulation Circulated Prior To G20 SummitCrypto-currencies also have strong links with illicit activities. Their anonymity and easy transferability means they are used to facilitate a range of offences. Establishing effective policies has become a priority for authorities amid the failure of some exchanges and collapse of certain crypto. The circular effectively made it illegal for Indian residents to buy or sell cryptocurrencies. illicit activity. Regulators can also require.