Last updated: 20 May 2026
Virtual Digital Asset (VDA) Services Policy
This Policy describes how the CoinConnect brand presents and references Virtual Digital Asset ("VDA") services. Rishi Jagariya Traders Private Limited operates CoinConnect.in as an information and display website and is in the process of registering with the Financial Intelligence Unit — India (FIU-IND) as a VDA Service Provider. Until that registration is complete, actual VDA services — on-ramp, off-ramp, swap, custody and gift-card fulfilment — are provided by independent partners already registered with FIU-IND.
1. Definition
"Virtual Digital Asset" has the meaning given to it in Section 2(47A) of the Income Tax Act, 1961, and includes cryptocurrencies and crypto-tokens such as BTC, ETH, USDT, USDC and similar assets.
2. No Investment Advice
Nothing on CoinConnect.in constitutes investment, financial, legal or tax advice. VDAs are highly volatile; you should consult a qualified advisor before transacting. Rishi Jagariya Traders Private Limited does not guarantee returns and is not liable for trading losses.
3. No Custody
Rishi Jagariya Traders Private Limited does not custody or hold customer fiat or crypto. Custody, where applicable, is provided by our regulated partners under their own terms.
4. Supported Assets
The set of supported VDAs and payment methods is determined by our partners and may change at any time. We display indicative information only; the partner's confirmation at the point of transaction is authoritative.
5. Fees and Taxes
All fees, FX spreads and applicable taxes — including 1% TDS under Section 194S and 30% tax under Section 115BBH of the Income Tax Act — are displayed at the point of transaction by our partner. Customers are responsible for their own tax filings.
6. AML / KYC
All VDA transactions are subject to our AML / KYC Policy and, where applicable, EDD Policy.
7. Risks
- Market and price volatility.
- Network risk (chain congestion, forks, smart-contract bugs).
- Wallet address mistakes — transactions are irreversible.
- Regulatory changes affecting availability or taxation of VDAs.