Centre Directs Crypto Exchanges To Conduct Cyber Security Audits

Strengthening the regulations for crypto exchanges, the Financial Intelligence Unit – India (FIU-IND) has directed all virtual digital asset service providers (VDA SPs) to submit a cyber security audit certificate from Indian Computer Emergency Response Team (CERT-In) empanelled auditors. 

VDA SPs include companies that offer digital asset services, including cryptocurrency exchanges, wallet services with VDA transfer features, peer-to-peer trading platforms, among others. 

Notably, the…