Reserve Bank of India (RBI) has added 13 new entities to its ‘Alert List’ of unauthorized forex trading platforms:
The Reserve Bank of India (RBI) has expanded its ‘Alert List’ of unauthorized forex trading platforms by adding 13 new entities, bringing the total to 88. This list includes names of entities not authorized to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) or to operate electronic trading platforms (ETPs) for forex transactions. Some notable additions to the list include TDFX, Inefex, and Ranger Capital. The RBI emphasized that this Alert List also includes entities promoting unauthorized platforms through advertisements or claiming to offer training/advisory services.
