To check an exchange’s FIU-IND registration, first identify the exact legal entity named in its user agreement, then compare it with current, entity-specific evidence from the provider or FIU-IND. FIU-IND’s official materials explain the registration framework, but the reviewed materials do not establish a public consumer-searchable roster. A brand name, exchange statement, or compliance order alone does not prove current registration.
What FIU-IND registration means
India’s Financial Intelligence Unit (FIU-IND) requires covered virtual digital asset (VDA) service providers to register as reporting entities. The framework applies to specified activities carried out in the course of business for or on behalf of another person. FIU-IND’s VDA guidance, updated on 8 January 2026 according to its downloads page, and its registration circular, revised on 15 September 2025, describe the current materials identified here.
The covered activities include:
- Exchanging virtual digital assets for fiat currency, or fiat currency for virtual digital assets.
- Exchanging one form of virtual digital asset for another.
- Transferring virtual digital assets.
- Safekeeping or administering virtual digital assets, or instruments that enable control over them.
- Participating in or providing specified financial services related to an issuer’s offer and sale of a virtual digital asset.
This is reporting-entity registration for AML/CFT/CPF obligations, not a general government endorsement or a guarantee that an exchange is safe. FIU-IND’s materials do not promise that users will recover funds if a provider fails.
How to check an exchange’s status
- Find the legal entity. Check the exchange’s terms of service, account-opening disclosures, and official company documents. Note the full company name and jurisdiction. A brand may be operated by a different legal person, so do not verify only the name shown in the app or on the website.
- Start with FIU-IND’s official materials. Consult the VDA guidance and registration circular for the applicable framework. These documents explain the rules; they are not, by themselves, lookup results for a particular provider. The reviewed materials do not establish a public consumer-facing VDA registration roster.
- Request entity-specific evidence. If the provider says it is registered, ask for its exact registered legal name and current FIU-IND reporting-entity registration evidence. Compare the name on that evidence with the company named in your user agreement. This is a practical check, not a consumer procedure prescribed by the cited FIU-IND materials.
- Seek official confirmation if needed. If the evidence is missing, unclear, or names a different company, contact FIU-IND through its official channels and provide the exact legal name. Do not treat an unofficial list or a search-engine snippet as conclusive.
- State only what you can verify. If you cannot establish the entity’s current status from authoritative evidence, treat registration as unconfirmed rather than accepting the provider’s claim as fact.
Check that the evidence proves the right thing
- Entity match: Does it identify the same legal company that operates your account under the user agreement?
- Current status: Is the evidence current enough to support a claim about registration today? Status can change.
- Source: Is it from FIU-IND, or is it a statement or document supplied only by the provider?
- Registration type: Does it show registration as an FIU-IND reporting entity, rather than a different approval or a general statement about compliance?
FIU-IND’s July 2023 registration circular says registration is a prerequisite for a reporting entity and describes an in-person process involving a designated director and principal officer, with supporting corporate and tax information. It predates later revisions, so it should not be treated as the complete current application checklist.
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