Current Affairs · Banking Regulations
Consider the following statements regarding India's updated AML & CFT guidelines for entities dealing with Virtual Digital Assets (VDAs): I. The FIU-IND's updated guidelines require crypto exchanges to collect enhanced KYC information, including liveness detection, geotagged onboarding location, and penny-drop bank verification. II. Under global AML/CFT standards, decentralized exchanges (DEXs) are fully exempt by design from the FATF's Virtual Asset Service Provider (VASP) rules. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II
- 3II only
- 4I only✓
Correct answer
I only
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