India Cracks Down on Cross-Border Crypto Hawala Network Tied to International Drug Trafficking

The Indian Enforcement Directorate (ED) has arrested a Dubai-based Indian national, Nihal V.N., for allegedly operating a cross-border crypto hawala network linked to international drug trafficking.

The accused used digital assets to launder money from narcotics sales in India and moved the funds overseas via a cross-border crypto-hawala network.

According to the ED, Nihal V.N. converted cash generated through narcotics sales into cryptocurrencies and foreign currencies before sending it to drug suppliers in Brazil and Thailand.