Choosing a crypto platform involves more than comparing prices. For individuals and businesses trading digital assets in India, understanding the platform’s registration status and onboarding requirements is an essential starting point.
If you’re searching for FIU-compliant crypto platforms or exchanges in India, Carret offers an FIU-IND registered VASP with an institutional OTC desk and INR onramp/offramp infrastructure.
Here’s what FIU registration means and what to consider before your next trade.
What Does FIU-IND Registration Mean?
The Financial Intelligence Unit–India receives and analyses information relating to suspicious financial transactions. Its framework includes registration of Virtual Digital Asset Service Providers as reporting entities.
Providers carrying out covered activities in India must register and meet applicable obligations under the Prevention of Money Laundering Act and its rules. These include reporting and record-keeping requirements. Registration is one part of compliance; meeting ongoing obligations matters too.
For users, this means looking beyond a registration badge and understanding how a platform handles onboarding, documentation and transactions.
Carret: An FIU-IND Registered Platform for OTC Trading
Carret offers an institutional OTC desk for buying and selling USDT, USDC, Bitcoin and Ethereum against INR.
Its offering is relevant to HNIs, businesses and institutional investors who want to discuss larger or recurring trades directly with an OTC team.
OTC trading for larger requirements
Clients can discuss the asset, quantity and intended timing of their trade before proceeding. This allows them to review the proposed terms against their requirements.
Major INR trading pairs
Carret focuses on widely used digital assets against INR, including stablecoins such as USDT and USDC.
Infrastructure for businesses
Alongside its OTC desk, Carret offers INR onramp/offramp APIs for businesses exploring crypto functionality within their products.
Explore Carret’s OTC desk or its onramp/offramp offering.
What Should You Check Before Choosing a Platform?
Check | What to ask |
|---|---|
Registration | What legal entity operates the service, and what are its FIU-IND registration details? |
Onboarding | Which identity, business and source-of-funds documents are required? |
Pricing | What is the final amount after all applicable charges? |
Asset availability | Is your intended asset, trading pair and blockchain network supported? |
Withdrawals | What limits, checks and expected timelines apply? |
Records | What transaction statements and supporting documents can you obtain? |
For larger transactions, clarify these points before transferring funds or accepting a quote.
Does an FIU-Registered Crypto Platform Make Crypto Risk-Free?
No. FIU registration should not be treated as a guarantee of returns, protection against losses or a government recommendation to use a platform.
Crypto still carries market, custody and operational risks. Registration is an important consideration, alongside the platform’s security practices, terms and suitability for your requirements.
Why Consider Carret for Your Next Trade?
For clients comparing the best OTC desk in India, Carret brings together an FIU-IND registered entity, major INR trading pairs and a business-focused offering.
Start with your actual requirements: the asset you want to buy or sell, your expected volume and your preferred timing. Ask for the applicable onboarding requirements and a quote, then review the terms before proceeding.
Book a call with Carret to discuss your OTC or INR onramp/offramp requirements.