Question

why is there need to legalise money?​

Answer 1

Answer:

Money laundering is essential for criminal organizations that wish to use illegally obtained money effectively. ... Criminals need a way to deposit the money in legitimate financial institutions, yet they can only do so if it appears to come from legitimate sources

Explanation:

Answer 2

Answer:

In India no one can refuse to do transaction with Indian rupee because of the following reasons

1. This is authorised by the reserve bank of India.

2. The law has legalized the use of rupee as a medium of exchange that cannot be refused by anyone when dealing with transactions in India.

3. No other institutions or private sector can own this.

.4It is granted across all over the india so there is the same currency for all.