India’s Crypto Companies Handed Anti-Cash Laundering Obligations for First Time

by Jeremy

“Appears like VDA [virtual digital asset] providers suppliers are actually successfully categorized as `reporting entities’ below the PMLA,” mentioned Sumit Gupta, co-founder and CEO of crypto alternate CoinDCX. “We’ve been voluntarily conducting these compliances for some time now, however glad to see that this has now been made into regulation.”

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