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Trade with confidence on a platform partnered with an FIU-IND registered entity. Full PMLA compliance, fund safety, and legal protection for every Indian trader.
The Financial Intelligence Unit — India (FIU-IND) is the central national agency established in 2004 under the Ministry of Finance, Department of Revenue. It is responsible for receiving, processing, analyzing, and disseminating information related to suspicious financial transactions.
Under the Prevention of Money Laundering Act (PMLA), 2002, all Virtual Digital Asset Service Providers (VDA-SPs) operating in India — including crypto exchanges — must register with FIU-IND as reporting entities. This mandate was formalized through a gazette notification in March 2023.
Registration requires platforms to implement robust KYC procedures, report suspicious transactions, maintain transaction records for 5 years, and comply with all anti-money laundering regulations. 78% of Indian traders cite regulatory safety as their #1 concern when choosing a trading platform.
Your money, your data, and your rights are protected under Indian financial law.
Your deposits are held in segregated accounts with multi-signature cold storage. Platform funds are never co-mingled with user assets.
Full compliance with PMLA, FEMA, and Indian tax regulations. KYC/AML procedures follow RBI and SEBI guidelines for financial intermediaries.
Automatic 1% TDS deduction on crypto trades as per Section 194S. Download TDS certificates and transaction reports for ITR filing directly from your dashboard.
Through our FIU-registered partner, you have access to formal dispute resolution mechanisms through Indian regulatory channels. Your complaints are handled under established legal frameworks.
In January 2024, India issued compliance notices to 9 offshore exchanges including Binance and KuCoin, blocking their URLs.
Non-compliant exchanges face fines of up to ₹28 crore under PMLA for operating without FIU registration.
Trading on unregistered platforms means no legal recourse, no dispute resolution, and no guarantee of fund safety under Indian law.
FIU-IND (Financial Intelligence Unit — India) is the central national agency under the Ministry of Finance responsible for receiving, processing, analyzing, and disseminating information relating to suspicious financial transactions. All virtual digital asset service providers (VDA-SPs) must register with FIU-IND under PMLA.
Yes. Xylos is partnered with an FIU-IND registered entity, ensuring full compliance with the Prevention of Money Laundering Act (PMLA), 2002. This partnership enables Xylos to meet all Indian regulatory requirements for virtual digital asset services.
It means your funds are protected under Indian financial law, the platform follows KYC/AML norms, transactions are monitored for suspicious activity, and you have legal recourse through Indian regulatory channels in case of disputes.
Non-compliant exchanges face severe penalties. In January 2024, the Indian government issued compliance notices to 9 offshore exchanges and fined them up to ₹28 crore each. Several platforms including Binance and KuCoin had their URLs blocked in India.
Trading through an FIU-compliant platform ensures TDS (Tax Deducted at Source) requirements are met — 1% TDS on crypto transactions as per Section 194S. This makes your tax reporting straightforward as the platform provides all required documentation.
As of 2026, approximately 49 virtual digital asset service providers have registered with FIU-IND. Xylos operates in partnership with one of these registered entities, offering the widest range of markets (1,400+) and features among all compliant platforms.
Yes. Xylos follows strict data protection protocols in compliance with the Digital Personal Data Protection Act, 2023. KYC data is encrypted at rest and in transit, stored on secure infrastructure, and only accessed for regulatory compliance.
Xylos supports traders from multiple jurisdictions. NRIs may be subject to additional regulations depending on their country of residence. Check our terms of service or contact support for jurisdiction-specific guidance.
Don't risk your funds on non-compliant platforms. Join Xylos — FIU-compliant via registered partner, PMLA compliant, and built for Indian traders.
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