<h1>Legal risks of crypto platform: consumer protection, advertising liability, AML/KYC compliance, payment-gateway rules, TDS under Section 194S</h1> A newly launched crypto platform promises instant withdrawals, cold-storage custody, elimination of P2P trading, and a bank-to-crypto gateway aimed at reducing fraud and frozen accounts. Legally relevant issues include consumer-protection and advertising liability for whether security and fee claims are verifiable; regulatory compliance with India's AML/KYC rules and payment-system regulations for the bank gateway; tax reporting and TDS obligations tied to the stated 1% levy and a promotional giveaway that may trigger prize-tax, sweepstakes or securities law scrutiny; and potential civil liability for misrepresentation if promised protections fail or lead to investor losses.