More than two dozen cryptocurrency companies in India have registered with the local Financial Intelligence Unit (FIU).
According to the statement made by the Indian government 28 cryptocurrency companies, Registered with FIU to comply with regulations.
The Indian Ministry of Finance decided in March that all cryptocurrency companies must register with the Financial Intelligence Unit. It was announced that companies must also comply with the Anti-Money Laundering Law.
Cryptocurrency exchanges across the country, therefore Know Your Customer (KYC) They are legally obliged to implement identity verification processes such as.
According to the statement made by the Ministry, reporting requirements are also considered valid for crypto exchanges based abroad and operating in the Indian market.
The list of 28 names includes local companies such as CoinDCX, WazirX, CoinSwitch. a foreign stock exchange There is no name.