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The central bank said the alert list includes names of entities which are neither authorized to deal in foreign exchange under the Foreign Exchange Management Act, 1999 (FEMA) nor authorized to operate electronic trading platforms (ETPs) for foreign exchange transactions.
The new additions are: Starnet FX; Capplace; Mirox; Fusion Markets; Trive; NXG Markets; and Nord FX.
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RBI further said that the list also includes the names of entities/platforms/websites that appear to be promoting unauthorized entities/ETPs, including through advertisements of such unauthorized entities or claiming to provide training/consultancy services.
“This list is not exhaustive. An entity not included in the list should not be considered as authorized by RBI,” it said.
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The authorization status of any person/ETP can be ascertained from the list of authorized persons and authorized ETPs.
(edited by : Gareema Bangad,