MUMBAI: The Reserve Bank of India (RBI) has added 18 web domains and one cell utility to the listing of illegal international alternate buying and selling platforms that present providers to Indians. (*19*) brings the whole variety of recognized providers to 75.
According to RBI, these entities aren’t authorised to deal in international alternate underneath the Foreign Exchange Management Act (FEMA), nor are they allowed to function digital buying and selling platforms for foreign exchange transactions.
While RBI points alerts in opposition to web sites that present providers illegally in India, it can not shut them down as they’re registered abroad in nations the place they’re authorized. tnn
According to RBI, these entities aren’t authorised to deal in international alternate underneath the Foreign Exchange Management Act (FEMA), nor are they allowed to function digital buying and selling platforms for foreign exchange transactions.
While RBI points alerts in opposition to web sites that present providers illegally in India, it can not shut them down as they’re registered abroad in nations the place they’re authorized. tnn
