12
Dec
New Delhi (India), December 12: In a notable development for the Indian cryptocurrency sector, over two dozen digital currency service providers have registered with India’s Financial Intelligence Unit (FIU). This move, directed by the country’s Finance Ministry in March, marks a significant step towards increased regulatory oversight in the rapidly evolving crypto space. The FIU, functioning under the Ministry of Finance, plays a pivotal role in India’s financial regulation system, primarily focusing on anti-money laundering (AML) and combating the financing of terrorism (CFT). The decision to mandate registration for crypto service providers aligns with global efforts to establish a regulated…
