Bitbns builds a bridge Other exchanges remain wary of
But crypto exchange Bitbns – via a related company called OnRamp – appears to have found a roundabout solution to the problem. OnRamp has integrated UPI...
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Anti-money laundering rules for Indian crypto firms to be formalized soon
A set of proposed rules has been shared with Indian crypto exchanges by the Financial Intelligence Unit, a financial sector watchdog tasked with monitoring suspicious transactions...
Anti-Money Laundering Law and Crypto Exchanges: The One Gray Area
These activities will now be covered within the definition of “person engaged in designated business or profession” under the PMLA. The Supreme Court’s enabling judgment in...
RBI Throws a Data Collection Wrench in Fintech Lending Dreams
The Reserve Bank of India’s move to regulate digital lending in India has cast doubt on the business models of many such lending applications active in...
If it looks and walks like a duck, it’s a duck
Historically, the Indian regulatory regime, like several other jurisdictions including the United States, has followed what can be termed “unit-based” regulation. Thus, for example, the Act...