New Delhi : Financial Intelligence Unit-India, under the finance ministry, has issued notices to 25 offshore virtual digital asset providers, including British Virgin Islands-based LBank and BingX that feature among top 20 crypto exchanges in the world, for non-compliance with norms under the Prevention of Money Laundering Act.

The government has also instructed these entities to take down their applications/websites from public access in India, the finance ministry said in a statement on Wednesday.The government had in 2023 brought virtual digital asset providers under the ambit of its law on money laundering. Read Also Indians Are Giving Up Citizenship & Settling Abroad, Says Ministry of External Affairs

"It must be mentioned that the Crypto products and NFTs are unregulated and ca

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