Virtual digital asset activities specified as reportable under PMLA when carried out for or on behalf of another person. The notification designates five services related to virtual digital assets-exchange with fiat currencies, exchange between virtual digital assets, transfer, safekeeping or administration (including control enabling instruments), and participation in issuer offers-as activities that, when carried out for or on behalf of another person in the course of business, qualify as reportable designated business under the Prevention of Money Laundering Act; it adopts the Income tax Act definition of virtual digital asset and identifies the Director, Financial Intelligence Unit, India as the regulator for maintenance of records purposes.