Skip to main content

Finance ministry issues notice to 9 offshore crypto platforms

The FIU under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency platforms for non-compliance with anti-money laundering law. The FIU has also written to the Meity to block the URLs of these entities operating illegally. In March, the government brought virtual digital assets service providers into the ambit of the Anti Money Laundering/Counter Financing of Terrorism framework. The nine entities issued notices are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.

The FIU under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency platforms for non-compliance with anti-money laundering law. The FIU has also written to the Meity to block the URLs of these entities operating illegally. In March, the government brought virtual digital assets service providers into the ambit of the Anti Money Laundering/Counter Financing of Terrorism framework. The nine entities issued notices are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex. from Times of India https://ift.tt/RQgPfib

Comments

Popular posts from this blog

Airtel-Tata DTH merger talks fail, Airtel informs BSE

Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. Bharti Airtel and Tata Group have called off their discussions to merge Airtel Digital TV and Tata Play due to unresolved issues. The proposed deal, aimed at combining the two loss-making DTH operations, involved a share swap where Airtel would potentially hold a majority stake. from Times of India https://ift.tt/gt5oqs7

Delta, United & others sue cybersecurity firm for over $2 bn in damages

Following the loss incurred by Crowdstrike’s faulty update in July, which resulted in significant financial damage to shareholders and lawsuits from customers, Delta Airlines, one of the affected companies, is planning to file a class-action lawsuit against the cybersecurity firm. The airlines seeks compensation of up to $500 million from both Crowdstrike and Microsoft, as disclosed in the company’s filing with the US Securities and Exchange Commission (SEC). Following the loss incurred by Crowdstrike’s faulty update in July, which resulted in significant financial damage to shareholders and lawsuits from customers, Delta Airlines, one of the affected companies, is planning to file a class-action lawsuit against the cybersecurity firm. The airlines seeks compensation of up to $500 million from both Crowdstrike and Microsoft, as disclosed in the company’s filing with the US Securities and Exchange Commission (SEC). from Times of India https://ift.tt/wetNQs7

WWDC 2025: Apple employee protests during event; unzips his jacket to ....

An Apple employee disrupted the WWDC keynote, protesting during Craig Federighi's presentation. The protester displayed a keffiyeh and employee badge while shouting inaudibly before being escorted off stage. This incident follows similar protests at Microsoft's Build conference, highlighting growing internal dissent within tech companies regarding ethical responsibilities. The disruption, captured on video, has sparked discussion on social media. An Apple employee disrupted the WWDC keynote, protesting during Craig Federighi's presentation. The protester displayed a keffiyeh and employee badge while shouting inaudibly before being escorted off stage. This incident follows similar protests at Microsoft's Build conference, highlighting growing internal dissent within tech companies regarding ethical responsibilities. The disruption, captured on video, has sparked discussion on social media. from Times of India https://ift.tt/zDP59ai