Indian Cryptocurrency Exchanges Flecked Money Laundering and KYC Regulations: ED

India’s leading cryptocurrency (crypto) exchanges have facilitated transactions from other countries, including the US, Brazil, and Germany, on their platform without complying with know-your-customer (KYC) regulations and anti-tampering regulations. money laundering (AML) as prescribed in the foreign exchange (forex) rules, reveals the latest findings of the Enforcement Directorate (ED) investigation. TO … Read more

The Enforcement Directorate investigates major cryptocurrency exchanges in India. Is your money safe?

A multi-disciplinary organization, the ED is mandated to enforce laws such as FEMA, the Prevention of Money Laundering Act (PMLA), and the Fugitive Economic Offenders Act (FEOA), routinely investigating matters or businesses that fall within the purview of of these laws. . Notices have been sent to major crypto exchanges, CoinDCX and CoinSwitch, and certain … Read more

CoinSwitch Appoints Former Myntra VP as Head of Crypto Engineering

Crypto investment app CoinSwitch has appointed Sudheer Tumuluru as its head of crypto engineering. His role includes leading the company’s efforts to build the technology stack that powers crypto trading, exchange, and emerging crypto products. Tumuluru joins CoinSwitch from Myntra, where he was Vice President of Engineering. With more than two … Read more

We make sure that crypto transactions are in the KYC framework: CEO of CoinSwitch

Cryptocurrency-based fintech companies continue to live in an uncertain regulatory environment, even as they move forward with self-regulation and adopting the know-your-customer (KYC) framework. In a conversation with Pranjal Sharmathe co-founder and CEO of CoinSwitch, Ashish Singhal, says that crypto is an integral part of Web 3.0 and India must find a way … Read more