Mandatory FATF Compliance for Crypto Exchanges in India
Government Directive: India now requires all Virtual Asset Service Providers (VASPs)—whether domestic or foreign—to strictly comply with Anti-Money Laundering (AML) rules and the Travel Rule under Financial Action Task Force (FATF) standards.
Global Alignment: This move aligns India’s crypto regulations with international norms, enhancing transparency and reducing illicit activities.
Impact on Exchanges: Platforms must implement robust KYC, transaction monitoring, and reporting systems to maintain operational licenses.
Investor Confidence: Strong compliance frameworks attract institutional capital and foster trust in India’s growing digital asset market.
Long-Term Outlook: Regulatory clarity positions India as a key player in global crypto adoption while ensuring a secure ecosystem.
Compliance is no longer optional—it’s the foundation for sustainable growth in the crypto industry.
#CryptoRegulation #FATFCompliance #BlockchainSecurity #IndiaCrypto
