“This achievement is a testament to our dedication to seamlessly bridge traditional and Web3 finance while upholding compliance and security as our guiding principles,” states Ilya Volkov, CEO and Co-founder of YouHodler.
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It sends a clear message to offshore crypto exchanges that compliance with Indian law is not optional, and regulatory oversight in the cryptocurrency sector is here to stay.
This development not only marks a pivotal chapter in Binance’s history but also signals a seismic shift in the broader crypto world.
The integration simplifies regulatory compliance in the digital asset industry with user-friendly features, enhanced security, and real-time monitoring.
The new tool will benefit not only cryptocurrency investors but also exchanges, crypto projects, and accounting and tax preparation services, by providing a value-added service that can increase user engagement and loyalty.
India recently extended its financial laws to include virtual asset businesses, such as cryptocurrencies, under the Prevention of Money Laundering Act (PMLA).
Divly’s service aims to make it easy for investors to comply with regulations, as well as to backtrack and account for their transactions if necessary.
The partnership between Liminal and Notabene will help users execute and track their digital asset transactions in a compliant manner.
Binance has launched Binance Tax, a new tool to help users access tax information related to their crypto trading activities on the platform. With the rapid…
‘KoinX Tax Professionals’ is integrated with CoinDCX, BitBNS, CoinSwitch, WazirX, Binance, KuCoin, ZebPay, Coinbase, Unocoin, Crypto.com & Vauld and will reduce TAT by 99%.