Nine overseas VDA SPs were sent compliance Show Cause Notices by FIU IND.
The agency’s director has requested to block the URL of cryptocurrency exchanges listed.
For failing to comply with registration regulations, Indian authorities have issued a warning to nine cryptocurrency exchanges: Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex.
A statement from the Financial Intelligence Unit India (FIU IND) states that nine overseas VDA SPs were sent compliance Show Cause Notices. To be more specific, the crypto exchanges might be held accountable for their failure to comply with regionally applicable federal legislation as a result of this notification.
Following their discovery of their violation of the Prevention of Money Laundering Act (PML) Act, 2002 in March 2023, the crypto exchanges were subjected to the Anti-Money Laundering/Counter Financing of Terrorism (AML-CFT) framework.
Request for Blocking URL
According to the announcement, the FIU IND is respons
We współpracy z: https://thenewscrypto.com/indian-authorities-issue-notice-to-global-crypto-exchanges-over-violations/
