7. Europol notes that the illicit use of crypto-assets is predominantly associated with money laundering purposes, the (online) trade of illicit goods and services, and fraud. See Europol (2021), “Cryptocurrencies: Tracing the evolution of criminal finances”, Europol Spotlight Report series.
Developing municipal bond market for financing urban infrastructure For large scale financing urban infrastructure which is assuming critical importance in the context of rapid urbanization, conventional fiscal transfers to the urban local bodies or municipals from governments are no longer considered sufficient.