The Financial Intelligence Unit – India (FIU-IND) has sent notices to 25 offshore crypto platforms for continuing to operate in India without registering under the Prevention of Money Laundering Act (PMLA), 2002, the Ministry of Finance said. The move, reported by the Press Information Bureau (PIB), is part of efforts to bring foreign platforms serving Indian users under the country’s anti-money laundering and counter-terrorist financing (AML/CFT) rules.

25 global platforms named

The 25 platforms issued notices include well-known exchanges such as Huione, Paxful, Changelly, CEX.IO, LBank, BingX, PrimeXBT, CoinEx, Poloniex, BitMex, Bitrue, HitBTC, BTCC UK, Remitano, LCX, Probit Global, BTSE, AscendEx, Phemex, ZooMex, CoinCola, CoinW, YouHodler, LocalCoinSwap, and CoinEx.

These entities r

See Full Page