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.

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