India: Issued Compliance Show Cause Notice from Financial Intelligence Unit India (FIU IND) to Bitfinex
Description
Issued Compliance Show Cause Notice from Financial Intelligence Unit India (FIU IND) to Bitfinex
On 28 December 2023, the Financial Intelligence Unit India (FIU IND) issued a compliance Show Cause Notice to Bitfinex, an offshore Virtual Digital Assets Service Provider (VDA SP). This action was taken under Section 13 of the Prevention of Money L…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body