28 crypto/VDA platforms register with FIU-India to comply with PMLA norms
The Finance Ministry in March had said entities dealing in VDAs, crypto exchanges and intermediaries would be considered
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The Finance Ministry in March had said entities dealing in VDAs, crypto exchanges and intermediaries would be considered
(This story has not been edited by THE WEEK and is auto-generated from a PTI
As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX and Coinswitch, have registered themselves with the Financial Intelligence Unit-India (FIU-IND), Finance Ministry said on Monday.
Few businesses in the cryptocurrency space have been able to captivate investors' and fans' attention as much as CoinSwitch. The transition of the Indian crypto unicorn from a successful company in the fiscal year 2021 to a losing venture in 2022 has sparked debates about the workings of the crypto market.
The Directorate General of GST Intelligence (DGGI) recent crackdown on nearly half a dozen of Cryptocurrency service providers in India has brought the focus