India's Crypto Businesses Handed Anti-Money Laundering Obligations for First Time

„Looks like VDA [virtual digital asset] services providers are now effectively categorized as `reporting entities’ under the PMLA,“ said Sumit Gupta, co-founder and CEO of crypto exchange CoinDCX. „We have been voluntarily conducting these compliances for a while now, but happy to see that this has now been made into law.“