Cryptocurrency exchanges are platforms for trading digital currencies. They facilitate the buying and selling of cryptocurrencies like Bitcoin and Ethereum. Users can exchange fiat currency for digital assets. These exchanges operate globally, with varying regulations. In India, the legal status of cryptocurrencies remains ambiguous. The government is considering regulations to address concerns over security and taxation.
India’s approach to regulating cryptocurrencies has taken another incremental but significant step. On January 8, the Financial Intelligence Unit–India (FIU-IND) updated its AML and CFT guidelines for entities...
