Virtual Digital Asset Service Providers (VDA SPs)

Facts for Prelims (FFP)   Source: TH  Context: The Financial Intelligence Unit India (FIU IND) issued show-cause notices to 9 offshore virtual digital asset service providers (VDA SPs), including Binance and Huobi, for operating illegally without complying with anti-money laundering regulations (under the Prevention of Money Laundering Act (PMLA), 2002)   What are VDA SPs? …