India's AML and CFT framework describes categories of virtual digital asset service activity that can fall within reporting-entity obligations.
Scope begins with the activity
Fiat-to-VDA exchange, VDA-to-VDA exchange, transfers, safekeeping or administration, and specified services connected with issuance can be relevant categories.
Controls operate across the relationship
Registration, governance, customer due diligence, sanctions screening, ongoing monitoring and suspicious-transaction reporting form a connected control framework.
Records support accountability
Transaction information, customer records and risk assessments should be retained according to applicable requirements. Unhosted-wallet and anonymity-related risks may require enhanced review.