🍁 Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
🎁 Prize pool over $15,000+, iPhone 17 Pro Max, Gate exclusive Merch and more awaits you!
👉 Draw now: https://www.gate.com/activities/pointprize/?now_period=13&refUid=13129053
💡 How to earn more Growth Points for extra chances?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to rack up points!
🍀 100% win rate — you’ll never walk away empty-handed. Try your luck today!
Details: ht
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.