FIU Proposes Rules to Monitor Virtual Digital Asset Transactions

  • The Financial Intelligence Unit (FIU) has proposed new rules to monitor virtual digital asset transactions.
  • Service providers will be required to identify the beneficial owners of wallets.
  • Service providers will also be required to monitor Politically Exposed Persons (PEPs).
  • Service providers must also keep track of receipts of Rs 10 L or more by NGOs.


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