NIC 661904 - Validation and mining for crypto assets deemed financial assets

NIC 661904 classifies validation and mining for crypto assets deemed financial assets as a final six-digit resource extraction activity under Section L and Division 66. Use it when this activity is the main source of...

Key Facts

661904 at a Glance

Code 661904

Official title Validation and mining for crypto assets deemed financial assets

Version NIC 2025

Source authority MoSPI

Section L - Financial and insurance activities

Division 66 - Activities auxiliary to financial service and insurance activities

Group 661 - Activities auxiliary to financial services, except insurance and pension funding

Class 6619 - Other activities auxiliary to financial service activities, except insurance and pension funding

Level Sub-class

Depth 5/5

Children 0

Last verified 2026-04-21

In this section

661901

Financial transaction processing and settlement activities, including digital (or internet-based) payment provision and settlement activities for credit card transactions (payment gateways)

661902

Investment advisors/ consultant (including robo-advisory services and analysing financial markets as an advisory service), mortgage and loan advisors, financial advisors in relation to mergers and acquisition services

661903

Activities of digital currency wallet providers

661904

Validation and mining for crypto assets deemed financial assets

661905

Tokenization of digital assets, including security token offerings and initial coin offerings

661906

Consumer credit intermediation

661907

Activities of payment providers including Fintech, e.g., electronic funds transfer services, P2P lending/ payment services and Unified Payments Interface (UPI) transactions.

661908

Activities of Account Aggregators

661909

RegTech services that provide technology-driven solutions to streamline regulatory compliance, including anti-money laundering (AML) checks, fraud detection, automated reporting, real-time monitoring, and risk management tools for financial institutions.

661910

Other Fintech activities including Suptech, cross-border payment platforms, GreenTech/green finance

← 661903 661905 →

Official note

Class 6619 note from source layer

This class excludes: - publishing of financial markets analysis, see class 5819 - information search services regarding financial markets, see 6392 - crypto assets exchange, see 6611 - brokerage activities, see 6612 - brokerage of crypto assets, see 6612 - activities of insurance agents and brokers, see 6622 - management of funds, see 6630 - activities of debt collection agencies and non-performing loans servicers, see 8291