The phrase "illegitimate activities" refers to actions or behaviors that are against the law, rules, or accepted norms of society. These activities are considered wrong or illegal. Full definition
The government will «take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payment system,» India's finance minister told lawmakers in New Delhi in February, according to a transcript by The Hindu newspaper. (cnbc.com)
The IAMAI panel statement said that every citizen and business in this country should play their role in eliminating financing of illegitimate activities, regardless of whether such financing is done using legal tender, cryptocurrency, gold, or any other medium. (iconow.net)
The panel appreciated the stance of the government and said it wants to wholeheartedly support the government in move to check use of cryptocurrency for illegitimate activities. (iconow.net)