While India doesn’t have a regulatory body dedicated to crypto, the move hands the FIU a significant role in overseeing crypto in India. Until now, crypto businesses were not legally obligated to perform verification processes like Know Your Customer (KYC). This has been written into the law and thus becomes mandatory. www.coindesk.com
While India doesn’t have a regulatory body dedicated to crypto, the move hands the FIU a significant role in overseeing crypto in India. Until now, crypto businesses were not legally obligated to perform verification processes like Know Your Customer (KYC). This has been written into the law and thus becomes mandatory.
www.coindesk.com