India, Nov. 19 -- The Reserve Bank of India (RBI) on Wednesday expanded its alert list of unauthorised forex trading platforms by adding seven new names, taking the total number of flagged entities to 95.
The alert list includes platforms that are neither authorised to deal in foreign exchange under the Foreign Exchange Management Act, 1999 (FEMA), nor permitted to operate electronic trading platforms (ETPs) for forex transactions.
The newly added entities are Starnet FX, CapPlace, Mirrox, Fusion Markets, Trive, NXG Markets and Nord FX.
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