https://www.taxtmi.com/news?id=27118 FIU IND has issued compliance Show Cause Notices to nine offshore Virtual Digital Asset Service Providers and asked the Ministry of Electronics and Information Technology to block their URLs for operating without registering as Reporting Entities under the Prevention of Money Laundering Act. VDA service providers performing exchanges, transfers, custody or enabling control over virtual assets are subject to activity-based registration with FIU IND and must comply with PMLA reporting, recordkeeping and other obligations regardless of physical presence in India. en-us Fri, 29 Dec 2023 14:10:35 +0530 Fri, 29 Dec 2023 14:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27118 FIU IND has issued compliance Show Cause Notices to nine offshore Virtual Digital Asset Service Providers and asked the Ministry of Electronics and Information Technology to block their URLs for operating without registering as Reporting Entities under the Prevention of Money Laundering Act. VDA service providers performing exchanges, transfers, custody or enabling control over virtual assets are subject to activity-based registration with FIU IND and must comply with PMLA reporting, recordkeeping and other obligations regardless of physical presence in India. News - Fri, 29 Dec 2023 14:10:35 +0530 https://www.taxtmi.com/news?id=27118