The Reserve Financial institution (RBI) Wednesday mentioned it has added eight extra entities or platforms or web sites to the alert listing of unauthorised foreign currency trading platforms
The brand new additions to the alert listing of unauthorised foreign currency trading platforms embrace QFX Markets, 2Win Commerce, Guru Trade7 Ltd, Bric Commerce, Rubik Commerce, Dream Commerce, Mini Commerce and Belief Commerce, the RBI mentioned in a press release.
The alert listing accommodates names of entities that are neither authorised to deal in foreign exchange below the International Change Administration Act, 1999 (FEMA) nor authorised to function digital buying and selling platform (ETP) for foreign exchange transactions below the Digital Buying and selling Platforms (Reserve Financial institution) Instructions, 2018.
The RBI additional mentioned the alert listing additionally accommodates the names of entities or platforms or web sites which seem like selling unauthorised entities or ETPs, together with via ads of such unauthorised entities or claiming to be offering coaching/advisory companies.
The up to date alert listing has names of 56 platforms or web sites.
Up to date: 08 Jun 2023, 12:53 AM IST