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Virtual Digital Assets: FIU-IND Registration and PMLA Compliance
India does not licence crypto exchanges, but it does police them for money laundering. A firm that swaps virtual digital assets for rupees, moves them, or holds them for a customer must enrol with the Financial Intelligence Unit-India as a reporting entity, whether or not it keeps an office in the country. On 9 September 2026 the unit's Director issued non-compliance notices to fifteen such platforms and ordered their applications and web addresses taken down.
Last updated 9 September 20264 min read
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FIU-IND has served non-compliance notices on 15 virtual digital asset platforms under Section 13 of the PMLA, and ordered their applications and web addresses taken down under the IT Act. Crypto intermediaries serving Indian users have owed registration and reporting duties since March 2023, whether or not they keep an office in India.
- FIU-IND
- virtual digital assets
- PMLA 2002
- crypto regulation India
- VDA service providers
- AML CFT
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