Snippets Column

FIU India Issues Show Cause Notices to Major Offshore Cryptocurrency Platforms; Urges Ministry of Electronics to Block URLs for Non-Compliance with PML Act

Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to 9 offshore Virtual Digital Assets Service Providers (VDA SPs) Binance, Kucoin, Huobi, Kraken, http://Gate.io, Bittrex, Bitstamp, MEXC Global, Bitfinex. FIU IND writes to the Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India: Ministry of Finance

Kavya Bhatt

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