Long-form reports and intelligence notes. Evergreen URLs, updated over time. Separate from the blog.
Enforcement posture across PMLA, crypto-enabled crime, hawala, narcotics finance, cross-border flows, TBML, and agency performance. Updated August 2026 with FY2025-26 official figures, gap analysis, and projections to 2030.
India ranks first in global crypto adoption while taxing Virtual Digital Assets at 30 percent plus 1 percent TDS. This report maps regulation, taxation, markets, enforcement, the Digital Rupee, and outlook through early 2026.