India: Financial Intelligence Unit investigation into Bittrex's compliance with Anti Money Laundering and Counter Financing of Terrorism regulations
Progress
Current status
in force
28 Dec 2023 in force
Scope
Implementers
India
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued Compliance Show Cause Notice from Financial Intelligence Unit India (FIU IND) to Bittrex
On 28 December 2023, the Financial Intelligence Unit India (FIU IND) issued a compliance Show Cause Notice to Bittrex, an offshore Virtual Digital Assets Service Provider (VDA SP). This action was taken under Section 13 of the Prevention of Money La…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body