Ministry of Finance, in a written reply, said that the Enforcement Directorate is investigating several cases related to cyber and crypto assets frauds wherein online gaming etc. have been used for committing fraud and siphoning of the proceeds generated thereof.

MoF informed the parliament that Proceeds of crime of more than Rs 1000 crore related to cyber and crypto assets frauds have been attached under the provisions of Prevention of Money Laundering Act, 2002 (PMLA)