Question
With reference to Virtual Digital Assets and Prevention
of Money Laundering Act (PMLA) 2002 , consider the following statements: 1.   VDA service providers must adhere to the same reporting requirements and KYC requirements as other regulated companies, such as banks. 2.   The PMLA controls the transfer of virtual digital assets. 3.   Prevention Of Money Laundering Act (PMLA) formulated in the year 2003 . Which of the following statements given above is/are correct?Solution
Virtual Digital Assets service providers/businesses have now become the ‘Reporting Entities’ under PMLA Act 2002 , and they must follow similar reporting standards and KYC norms as the other regulated entities like banks, securities intermediaries, payment system operators, etc. PMLA-covered activities include: Exchange of Virtual digital assets (VDA) and fiat currencies, Change between one or more VDA types, etc. The Prevention o f Money Laundering Act (PMLA) formulated in the year 2002 has undergone various critical changes from time to time in order to give itself more strength to deal with the offence of money laundering.
What phenomenon causes stems at ground level to scorch due to high soil temperatures?
 Every year the World wetland Day is celebrated on 2nd  February. The theme foe the year 2023 was
What genetic term signifies the inherent capability of the plant cell to develop into a fully mature plant?
Easily reclaimable wasteland is suitable for
Which one of the following is radiation reflecting anti-transparent?
Potassium metabisulhpite is used as a stable source of
___________ weir is known as Cipoletti weir.
Given below are two statements
Statement I: The sun behaves as a black body.
Statement II: Sun absorbs both all energy received and...
The FSSAI comprises of a Chairperson and twenty two members out of which ___are to be women.
Sulphur content present in Ammonium sulphate fertilizer is:
