🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Messages

Try our Valuation Calculator →

Back

Harshajit Sarmah

Founder & Editor of ... • 10m

India’s Financial Intelligence Unit (FIU) is expected to approve two more offshore crypto exchanges to resume operations in the country. The FIU is reviewing requests from four overseas exchanges previously banned for not following AML rules. After approving Binance and KuCoin, the FIU has received applications from four other exchanges, and at least two are likely to be allowed to operate by the end of FY25, according to a report. The exchanges will face a detailed review of transaction transparency, suspicious activity reporting, and other compliance factors.

https://cryptoindiamagazine.com/2024/09/09/india-fiu-to-approve-two-foreign-crypto-exchanges-india/

4 Replies

Replies (4)

Anonymous 4

Hey I am on Medial • 10m

Allowing these exchanges back might overlook previous compliance failures, potentially risking regulatory and security issues.

Anonymous 3

Hey I am on Medial • 10m

Approving more exchanges could boost market confidence and provide more options for users in India

Anonymous 2

Hey I am on Medial • 10m

Great news for the crypto industry.

Anonymous 1

Hey I am on Medial • 10m

Hope they're serious about transparency this time. Last thing we need is another scam or money laundering racket. If they're following the rules, cool, but I hope the FIU isn't just rubber-stamping these exchanges

Recommendations from Medial

Anonymous

Hey I am on Medial • 11m

Cryptocurrency exchanges have returned 5,315 BTC worth $305 million to the German government due to "suspicious transactions." 🚨💰 Recently, Germany confiscated criminal BTC wallets and now holds cryptocurrency worth $2 billion. The government is s

Saksham

Legal Advisor! • 1y

Thinking of launching an online gaming platform like Dream11? Here’s what you need to know: Certain states, including Assam, Sikkim, Nagaland, Odisha, Telangana, and Andhra Pradesh, prohibit your services due to specific laws. Gaming and gambling fa

1 Reply

Kimiko

Startups | AI | info... • 2m

the four-letter code to selling anything:

1 Reply

Anonymous

Hey I am on Medial • 1y

Hey guys! Can anyone tell me why is there a significant gap in two wheeler rentals business on the other hand there is so much buzz for four wheeler?

3 Replies

Chamarti Sreekar

Passionate about Pos... • 5m

Marvel has denied using AI to create posters for The Fantastic Four: First Steps after fans spotted one image that includes what appears to be a man with just four fingers.

Saksham

Legal Advisor! • 1y

FIU India has imposed Rs 12 Cr as penalties on Binance for providing services to Indian users without complying with the PMLA (Prevention of Money Laundering Act). The order is passed further to the submissions made by Binance with respect to the n

1 Reply

Anonymous

Hey I am on Medial • 3m

India government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials.💔😭

Kolkata Index

News on Infrastructu... • 7m

West Bengal Legislative Assembly to pass 3 bills to approve 3 more universities in the state. This includes :- 1. The Bhowanipore Global University Bill 2024 2. The Ramkrishna Paramhans University Bill 2024 3. The Rabindranath Tagore University Bill

2 Replies

Naveen Kumar

Hey, I'm on medial • 8m

Hi everyone! I have an idea to create an app aimed at organizing local two-wheeler and four-wheeler mechanic services. However, I have a doubt: is an investor really necessary to launch a startup, or can we create it on our own?

4 Replies

SanDeep Chichondikar

Exploring Life • 8m

if food medicine cloth everything can be served at doorstep then also an start up can be started which can serve washing and other maintaining services of four and two wheelers .... to save time and cost of ppl using it.

4 Replies