India Mandates Cybersecurity Audits for All Crypto Platforms

All crypto exchanges, custodians, and intermediaries in India must pass CERT-In approved audits to register with the Financial Intelligence Unit.

Summary

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Terms & Concepts
  • CERT-In: The Indian Computer Emergency Response Team, responsible for cybersecurity incident response and coordination in India.
  • Financial Intelligence Unit (FIU): A government agency that collects and analyzes information related to financial transactions to combat money laundering and related crimes.
  • Crypto Exchange: A platform for buying, selling, and trading cryptocurrencies, often regulated under national financial or securities laws.