Rogue businesses warned
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While regulatory clarity remains a work in progress, India's embrace of the Financial Intelligence Unit (FIU) registration requirement is a positive step, creating a safer trading environment for all.
Out of the total reserves held by CoinDCX, Rs 918 crore ($110.21 million) was kept in cold wallets and Rs 2,590 crore ($310.71 million) was held on the blockchain.
Telegraph Money explains the steps for UK nationals wanting to invest in the city
In an interview recently, Finance, Economic Development and Investment Promotion minister Mthuli Ncube warned businesses against using a rate above the official one.