The Blockchain and Crypto Assets Council (BACC<\/a>), a part of the Internet and Mobile Association of India<\/a> (IAMAI<\/a>), is setting up a formal board to oversee the implementation of a self-regulatory code of conduct for member crypto exchanges<\/a>.

India<\/a>’s largest exchanges, CoinDCX, WazirX and ZebPay, are among the members of BACC. The board will include eminent jurists, technical specialists and fintech compliance specialists. “In parallel, IAMAI has also suggested that the government regulate crypto assets through an act of parliament,” said an IAMAI-BACC spokesperson.

The self-regulatory code, which is already in place, includes voluntary compliance with anti-money laundering, combating of financing of terrorism, and know your customer regulations, and other company and taxation laws.

On Monday, the
Reserve Bank of India<\/a> said that banks should not use its April 2018 circular -- struck down by the Supreme Court<\/a> in 2020 -- to warn customers of penalties for dealing in cryptocurrencies. The court’s verdict was in response to a petition filed by IAMAI and crypto exchanges. The central bank has, however, asked banks to continue carrying out due diligence on customers prescribed under existing regulations.

Naveen Surya, chairman of the Fintech Convergence Council, and chairman emeritus of the Payments Council of India (PCI), said, “Members of BACC of IAMAI are committed to the highest level of business integrity and comply with applicable rules and regulations laid down by the RBI and various regulatory authorities in India.”

Sumit Gupta, CEO and co-founder of CoinDCX, added, \"We also respect the concerns that banks may have around anti-money laundering policies. Discussions around this will make the industry stronger and investments safer.\"
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通过加密交流IAMAI董事会监督自律

自我监管的代码已经到位,包括自愿遵守反洗钱,打击资助恐怖主义,和了解你的客户规定,其他公司和税务法律

  • 更新在2021年6月1日下午03:57坚持

区块链和加密资产委员会(BACC)的一部分印度的互联网和移动协会(IAMAI),是建立一个正式的董事会监督自律的实现为成员的行为准则加密的交流

印度最大的交易所,CoinDCX WazirX ZebPay,是BACC的成员之一。董事会将包括著名法学家、技术专家和fintech合规专家。”并行,IAMAI也建议政府控制加密资产通过国会法案,”一个IAMAI-BACC发言人说。

自我监管的代码已经到位,包括自愿遵守反洗钱,打击资助恐怖主义,和了解你的客户规定,其他公司和税务法律。

广告
周一,印度储备银行说,银行不应该利用其2018年4月圆,击杀的最高法院2020年,在cryptocurrencies警告处罚的客户交易。法院的判决是为了应对提交的请愿书IAMAI和加密交流。然而,央行要求银行继续开展尽职调查客户根据现行法律规定。

Naveen苏亚Fintech收敛委员会的主席,和印度的支付委员会名誉主席(PCI)说,“成员BACC IAMAI致力于最高水平的商业诚信和遵守适用的法律法规由印度储备银行和各种监管当局在印度。”

苏米特古普塔CoinDCX开网的CEO和创始人之一,补充道,“我们也尊重担心银行可能在反洗钱政策。讨论这将使这个行业更强和更安全的投资。”

  • 发表在2021年6月1日下午03:56坚持
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The Blockchain and Crypto Assets Council (BACC<\/a>), a part of the Internet and Mobile Association of India<\/a> (IAMAI<\/a>), is setting up a formal board to oversee the implementation of a self-regulatory code of conduct for member crypto exchanges<\/a>.

India<\/a>’s largest exchanges, CoinDCX, WazirX and ZebPay, are among the members of BACC. The board will include eminent jurists, technical specialists and fintech compliance specialists. “In parallel, IAMAI has also suggested that the government regulate crypto assets through an act of parliament,” said an IAMAI-BACC spokesperson.

The self-regulatory code, which is already in place, includes voluntary compliance with anti-money laundering, combating of financing of terrorism, and know your customer regulations, and other company and taxation laws.

On Monday, the
Reserve Bank of India<\/a> said that banks should not use its April 2018 circular -- struck down by the Supreme Court<\/a> in 2020 -- to warn customers of penalties for dealing in cryptocurrencies. The court’s verdict was in response to a petition filed by IAMAI and crypto exchanges. The central bank has, however, asked banks to continue carrying out due diligence on customers prescribed under existing regulations.

Naveen Surya, chairman of the Fintech Convergence Council, and chairman emeritus of the Payments Council of India (PCI), said, “Members of BACC of IAMAI are committed to the highest level of business integrity and comply with applicable rules and regulations laid down by the RBI and various regulatory authorities in India.”

Sumit Gupta, CEO and co-founder of CoinDCX, added, \"We also respect the concerns that banks may have around anti-money laundering policies. Discussions around this will make the industry stronger and investments safer.\"
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