Virtual Digital Assets

On September 15, 2025, the Financial Intelligence Unit – India (FIU-IND) issued a circular mandating all Virtual Digital Asset Service Providers (VDA-SPs) to furnish a cyber-security audit certificate from auditors empanelled with Indian Computer Emergency Response Team (CERT-In). Additionally, these entities are required to submit their annual financial returns, GST filings and copies of income tax returns to the concerned authorities.

VDA-SPs refer to companies offering services related to digital assets, such as cryptocurrency exchanges, wallet providers with VDA transfer capabilities, peer-to-peer trading platforms and similar operations.