https://www.taxtmi.com/notifications?id=139854 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. en-us Tue, 07 Mar 2023 00:00:00 +0530 Fri, 10 Nov 2023 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139854 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. Notifications Money Laundering Tue, 07 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139854