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Crypto under PMLA: CoinDCX registers itself as reporting entity with FIU

As per the Prevention of Money Laundering Act (PMLA), 2002, a reporting entity is required to conduct KYC verification of the customers and maintain their records

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BS web team Delhi

2 min read Last Updated : Apr 04 2023 | 6:22 PM IST

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CoinDCX on Friday announced that it had registered itself as the "reporting entity" with the Ministry of Finance's Financial Intelligence Unit (FIU). As per the Prevention of Money Laundering Act (PMLA), 2002, a reporting entity is required to conduct

Topics : cryptocurrency PMLA

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