Indian crypto exchanges’ futures trade with foreign peers may test FEMA limits

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Local bourses as well as these HNIs believe their trades are kosher — drawing comfort from the fact that the foreign exchanges they are dealing with are registered with Financial Intelligence Unit (FIU). However, they may be unwittingly walking through a minefield of rules on the Foreign Exchange Management Act.

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Indian crypto exchanges’ futures trade with foreign peers may test FEMA limits

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