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List of ban URLs of 9 crypto exchanges

The Financial Intelligence Unit (FIU), under the Indian Finance Ministry, has issued a show cause notice to 9 offshore crypto exchanges and asked the Ministry of Electronics and Information Technology (MeitY) to block their URLs in India. The action was taken for alleged non-compliance with Indian anti-money laundering law.

“As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued compliance Show Cause Notices to following nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA),” 

“The regulation casts reporting, record keeping, and other obligations on the Virtual Digital Asset Service Providers (VDA SPs) under the PML Act which also includes registration with the FIU India,”

Notice sent out by FIU, these 9 crypto exchanges URL BAN

Binance and Kucoin, have been operating illegally in India. The 9 exchanges that have received the show cause notice include,

  • Binance,
  • Kucoin,
  • Huobi,
  • Kraken,
  • Gate.io,
  • Bittrex,
  • Bitstamp,
  • MEXC Global,
  • Bitfenex.


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