Indian regulator issues notices to 25 offshore ‘crypto’ platforms
India’s Financial Intelligence Unit (FIU), the federal government agency responsible for preventing money laundering and terrorist financing, has issued notices for non-compliance to 25 offshore virtual digital assets service providers (VDA SPs) under the Prevention of Money Laundering (PML) Act.
The regulator has also issued notices to these entities to take down apps, websites, or URLs “that are operating illegally” without complying with the PML Act in India. This…
