BuyUcoin demonstrates its dedication to financial compliance for virtual digital assets by becoming a FIU Registered Reporting Entity Indian digital exchange for digital assets In accordance with the most recent anti-money laundering (AML) legislation from the government, BuyUcoin has been registered as a reporting business with the Financial Intelligence Unit — India. By completing the…
The Indian Ministry of Finance has responded to several inquiries on cryptocurrency trading in India, as well as crypto regulation and investor protection. The proposals in the draught bill provided by the interministerial committee are still being evaluated, according to the minister of state for finance. The Indian government responds to questions about cryptocurrency On…
Existing Indian legislation might impose a 2% fee on bitcoin purchases made on offshore exchanges that serve the Indian market. The Indian government’s 2% “equalization levy” could be extended to crypto-assets purchased via off-shore exchanges, according to local sources. According to a story published on June 22 by the Economic Times, existing law may mandate…
After all the speculations of cryptocurrency getting banned in India, all the stakeholders of the crypto-asset have joined their hands to propose a new framework in India for cryptocurrency. Sandbox will help Indian Government for regulating cryptocurrency. The supreme court also supports this framework against the decision made by RBI ban on cryptocurrency. BuyUcoin has…
