India, Sept. 17 -- 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 Centre brought VDA SPs under the ambit of Prevention of Money Laundering Act (PMLA) in March 2023, mandating them to report suspicious transactions, conduct customer due diligence, among others. Later that year, all virtual digital asset...