A new national system for digital wallets is being proposed to enhance the tracking of cryptocurrency linked to illegal activities. The initiative aims to provide the state with technological tools to monitor digital operations and safeguard virtual assets potentially connected to criminal networks. Proposed changes to anti-money laundering legislation would underpin the system. The system would focus on the custody and monitoring of crypto assets. Authorities hope this will improve their ability to combat financial crimes utilizing cryptocurrency. The proposal seeks to address growing concerns about the use of digital currencies for illicit purposes and strengthen financial security measures. This move reflects a broader global trend toward increased regulation of the cryptocurrency market.