💥 Gate Square Event: #PostToWinTRUST 💥
Post original content on Gate Square related to TRUST or the CandyDrop campaign for a chance to share 13,333 TRUST in rewards!
📅 Event Period: Nov 6, 2025 – Nov 16, 2025, 16:00 (UTC)
📌 Related Campaign:
CandyDrop 👉 https://www.gate.com/announcements/article/47990
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1️⃣ Post original content related to TRUST or the CandyDrop event.
2️⃣ Content must be at least 80 words.
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4️⃣ Include a screenshot showing your CandyDrop participation.
🏆 Rewards (Total: 13,333 TRUST)
🥇 1st Prize (1 winner): 3,833
India requests a cybersecurity audit of crypto exchanges
India requires all exchanges, custodians, and cryptocurrency intermediaries to undergo cybersecurity audits by auditors approved by CERT-In. This is mandatory for signing up for FIU, placing VDA providers under compliance obligations similar to banks under the Prevention of Money Laundering Act 2002.
Crypto crime accounts for 20–25% of total murder cases, often using the darknet, privacy coins, mixers, and unregulated exchanges to conceal the flow of funds. FIU also replaced “Fit & Proper” with the certification “Partner Accreditation for Compliance & Trust,” focusing on compliance.
Despite enhancing user protection, there are still concerns about auditors' ability to handle the specific risks of crypto. Crypto in India is taxed at 30% on profits, along with a 1% TDS, and the Income-Tax Bill 2025 requires reporting to VDA processing organizations.