<h1>Crypto hawala networks siphon untraceable foreign funds into Jammu and Kashmir, bypassing regulated exchanges and AML checks.</h1> A covert crypto hawala network directs foreign handlers to fund private crypto wallets-often created via VPNs-then converts those holdings into untraceable cash through unregulated peer to peer traders and layered mule accounts, severing the financial trail and enabling foreign sourced funds to enter the local economy while evading anti money laundering obligations.