GK Question

technology medium mcq

Which Indian provision requires crypto exchanges to maintain records for 5 years?

  1. PMLA Rules
  2. IT Act
  3. SEBI Guidelines
  4. RBI Directions

Answer: PMLA Rules

PMLA rules require VASPs to maintain KYC records, transaction logs, and audit trails for 5 years. Enables regulatory oversight, investigation, and compliance verification. Critical for operational requirements.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC