Financial Intelligence Unit

Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.

Liminal Custody's Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). The company aims to use the FIU registration to serve institutional clients across India as a trusted entity.

Binance has registered with India's Financial Intelligence Unit (FIU) as the cryptocurrency exchange looks to resume its operations in India. The exchange was barred from operating in India in December for non-compliance with local regulations and can resume operations only after paying a penalty for previous non-compliances, which is yet to be det...

WazirX released its sixth transparency report on Tuesday, April 23. Among a bunch of details, WazirX claimed that it received a total of 1,700 requests from the law enforcement agencies between October 2023 and March 2024.

Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.

India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.

Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have launched a new crypto-INR Futures Exchange called ‘Pi42’ on Wednesday, February 7. Pi42, as disclosed by its founders, has already been registered with the FIU – which means Indians can start trying it out.

As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA).

As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs).

In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...

Aiming to ensure that the crypto sector was safe to engage with, Indian authorities had asked all operating crypto firms to register with them. Unocoin, Giottus, Zebpay, Mudrex, Buyucoin, Rario, and Bitbns are among the 28 crypto firms that have registered their operations with the Indian Financial Intelligence Unit (FIU).

Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...

The Ministry of External Affairs (MEA) should set up a task force to look into the reasons for pendency of India's extradition requests to various countries and suggest measures for their prompt fructification, a parliamentary panel said.

FTX, formerly one of the world's largest cryptocurrency exchanges, continues to be investigated by the authorities in the Bahamas, according to Bahamian Attorney General Ryan Pinder. He said that the securities commission, the country's financial intelligence unit and the police's financial crimes unit would "continue to investigate the facts and c...

Swedish furniture and home furnishings retailer Ikea's Indian unit net loss widened to Rs 902.8 crore in FY22 from Rs 809.8 crore in the preceding year, according to financial data accessed by business intelligence platform Tofler.

Mudrex crypto investment firm has launched a new initiative to let users monetise their crypto holdings without having to sell their assets. Mudrex’s fresh initiative seems to be a move aimed at retaining Indian users on its platform.

Liminal Custody's Indian entity ‘First Answer India Technologies Private Limited’ is now officially registered with India’s Financial Intelligence Unit (FIU). The company aims to use the FIU registration to serve institutional clients across India as a trusted entity.

Binance has registered with India's Financial Intelligence Unit (FIU) as the cryptocurrency exchange looks to resume its operations in India. The exchange was barred from operating in India in December for non-compliance with local regulations and can resume operations only after paying a penalty for previous non-compliances, which is yet to be det...

WazirX released its sixth transparency report on Tuesday, April 23. Among a bunch of details, WazirX claimed that it received a total of 1,700 requests from the law enforcement agencies between October 2023 and March 2024.

Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.

India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.

Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have launched a new crypto-INR Futures Exchange called ‘Pi42’ on Wednesday, February 7. Pi42, as disclosed by its founders, has already been registered with the FIU – which means Indians can start trying it out.

As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PMLA).

As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued show cause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs).

In conversation with Gadgets 360, Kumar Gaurav, the founder and CEO of Cashaa said that the wait for India to finally get its crypto laws is ‘undeniably frustrating’ for industry players. Indian crypto community members like Gaurav are concerned that the delay in India getting its comprehensive crypto laws could result in required assets flowin...

Aiming to ensure that the crypto sector was safe to engage with, Indian authorities had asked all operating crypto firms to register with them. Unocoin, Giottus, Zebpay, Mudrex, Buyucoin, Rario, and Bitbns are among the 28 crypto firms that have registered their operations with the Indian Financial Intelligence Unit (FIU).

Microsoft on Tuesday laid out an aggressive spending plan to meet demand for its new artificial intelligence services after surpassing Wall Street estimates for fiscal fourth-quarter revenue and profit. Costs rose sharply as Microsoft built new data centers to support AI, and Chief Financial Officer Amy Hood said on a conference call with analysts ...

The Ministry of External Affairs (MEA) should set up a task force to look into the reasons for pendency of India's extradition requests to various countries and suggest measures for their prompt fructification, a parliamentary panel said.

FTX, formerly one of the world's largest cryptocurrency exchanges, continues to be investigated by the authorities in the Bahamas, according to Bahamian Attorney General Ryan Pinder. He said that the securities commission, the country's financial intelligence unit and the police's financial crimes unit would "continue to investigate the facts and c...

Swedish furniture and home furnishings retailer Ikea's Indian unit net loss widened to Rs 902.8 crore in FY22 from Rs 809.8 crore in the preceding year, according to financial data accessed by business intelligence platform Tofler.