BuyUcoin demonstrates its dedication to financial compliance for virtual digital assets by becoming a FIU Registered Reporting Entity

Indian digital exchange for digital assets In accordance with the most recent anti-money laundering (AML) legislation from the government, BuyUcoin has been registered as a reporting business with the Financial Intelligence Unit — India. By completing the registration process, BuyUcoin shows that it is dedicated to preventing money laundering and the unauthorised use of virtual digital assets. It also shows that it is transparent and honest.


BuyUcoin, the leading digital exchange in India, has been operational since 2016. BuyUcoin is an Indian platform that offers VDA trading services to over a million customers. On BuyUcoin’s platform, you may trade the widest range of digital assets and take advantage of cutting-edge, technologically advanced services that improve user satisfaction.

The second-oldest digital exchange in India, BuyUcoin, Friday announced that it has complied with the most recent anti-money laundering regulations (PMLA) enforced by the Indian government by becoming a registered reporting company with the Financial Intelligence Unit-India (FIU-IND). An important step towards upholding anti-money laundering (AML) regulations and preventing the unauthorised usage of virtual digital assets (VDAs) is the FIU registration. BuyUcoin’s commitment to conducting business with the utmost integrity and transparency is demonstrated by this registration.

BuyUcoin Digital Exchange receives registration from FIU — India

The primary national agency in charge of collecting, processing, analysing, and sharing information on alleged financial activities with law enforcement and foreign financial intelligence units is the Financial Intelligence Unit of India. BuyUcoin is one of the certain types of financial institutions that must register with the FIU. BuyUcoin has shown that it is committed to spotting and reporting suspicious transactions in order to make sure that its platform and services aren’t being used for illegal purposes by completing this process.

The most recent laws, which the Indian government announced in March 2023, mandate that virtual digital asset service providers—including exchanges—acquire and follow the PMLA guidelines. These guidelines include reporting suspicious transactions, maintaining transaction and KYC records, and working with government agencies to guarantee the strictest AML procedures and protocols. With more than 1 million active users, BuyUcoin has an active user base.

CEO of BuyUcoin Shivam Thakral states: “We are committed to working with the greatest ethical standards and safeguarding our consumers and the financial system against the risks of money laundering, as evidenced by our registration with the FIU. In the fight against money laundering and the funding of terrorism, we are dedicated to collaborating with the FIU and other regulatory agencies.
“I strongly believe that India will set the global standard for business-friendly regulations that relate to digital assets. These kinds of measures will allow us to establish an atmosphere of openness and confidence within the ecosystem of digital assets. Our goal is to provide our users with up-to-date compliance information and enable them to fully utilise the Web3 ecosystem.
In order to maintain the strongest Anti Money Laundering (AML) protocols, these regulations include reporting suspicious transactions, keeping transaction and KYC records, and collaborating with governmental agencies. According to an official announcement, BuyUcoin also put in place the CIP as part of an AML/CFT programme.
This registration demonstrates BuyUcoin’s dedication to operating with the greatest standards of integrity and transparency. One of the first Indian digital exchanges in the digital asset domain, BuyUcoin launched a regulatory sandbox in 2021 to encourage greater collaboration between regulators and market participants.
1% deposit bonus on crypto in buyucoin

1% Deposit Bonus & Withdrawal Fees On Crypto Deposit in BuyUcoin

BuyUcoin giving 1% deposit bonus on crypto and reimbursement of crypto withdrawal fees for Indian user who have funds on banned crypto exchange. In the wake of the recent ban ...
Read More
Bitcoin ETFs

A Decade in the Making: US SEC Approves 11 Bitcoin ETFs, Igniting Market Enthusiasm

After years of anticipation and regulatory scrutiny, the U.S. Securities and Exchange Commission (SEC) has granted approval to 11 Bitcoin ETFs applications, marking a significant milestone in the cryptocurrency and ...
Read More
Will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved?

Will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved?

Everyone wants to know that bitcoin will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved? We talk about the Bitcoin ETF, an important part in the cryptocurrency space. According ...
Read More

10 Must-Have Features on Bitcoin Staking Site

Crypto has provided many benefits for online gambling, and almost all relevant gambling sites now offer it as a payment method.  With so many gambling sites, players, especially those without ...
Read More
Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

Happy Cryptomas to all of you! During the bullish state of the crypto market, margin-lending platforms and decentralised exchanges were the most often used DeFi protocols. Bitcoin is Up 167% so ...
Read More
Share with Others