RBI Added 19 More To Its Unauthorized Forex Trading Platforms.

The Reserve Bank of India (RBI) has taken a significant step in safeguarding the interests of investors by updating its ‘Alert List’ of unauthorised forex trading platforms.

The latest update includes 19 additional entities, bringing the total number to 75. This move aims to curb illegal forex trading activities and protect consumers from potential financial risks.

The Alert List, maintained by the RBI, serves as a comprehensive record of entities that are neither authorized to engage in forex transactions under the Foreign Exchange Management Act, 1999 (FEMA), nor permitted to operate electronic trading platforms (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.

RBI Added 19 More To Its Unauthorized Forex Trading Platforms.

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