India's Crypto Businesses Handed Anti-Money Laundering Obligations for First Time

India’s Crypto Businesses Handed Anti-Money Laundering Obligations for First Time


“Looks like VDA [virtual digital asset] services providers are now effectively categorized as `reporting entities’ under the PMLA,” said Sumit Gupta, co-founder and CEO of crypto exchange CoinDCX. “We have been voluntarily conducting these compliances for a while now, but happy to see that this has now been made into law.”

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