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India's FIU Targets Offshore Crypto Platforms Over Compliance Lapses
The Financial Intelligence Unit of India (FIU-IND) has issued show-cause notices to 25 offshore cryptocurrency exchanges, including CEX.IO and BingX, for failing to register under anti-money laundering norms. The action follows a broader push to tighten oversight of digital assets after record trading volumes during 2024.
Companies:
- CEX.IO
- BingX
- Huione
Tags:
- FIU
- Crypto Exchanges
M• By Harsh Ranjan
Explore:Mutual Fund Categories
neutral
India's FIU Targets Offshore Crypto Platforms Over Compliance Lapses
The Financial Intelligence Unit of India (FIU-IND) has issued show-cause notices to 25 offshore cryptocurrency exchanges, including CEX.IO and BingX, for failing to register under anti-money laundering norms. The action follows a broader push to tighten oversight of digital assets after record trading volumes during 2024.
Companies:
- CEX.IO
- BingX
- Huione
Tags:
- FIU
- Crypto Exchanges
M• By Harsh Ranjan
Explore:Mutual Fund Categories
1 min read
46 words
FIU-IND sends notices to 25 offshore crypto exchanges for non-compliance with anti-money laundering laws.
The Financial Intelligence Unit of India (FIU-IND) has issued show-cause notices to 25 offshore cryptocurrency exchanges, including CEX.IO and BingX, for failing to register under anti-money laundering norms. The action follows a broader push to tighten oversight of digital assets after record trading volumes during 2024.
The Financial Intelligence Unit of India (FIU-IND) has issued show-cause notices to 25 offshore cryptocurrency exchanges, including CEX.IO and BingX, for failing to register under anti-money laundering norms. The action follows a broader push to tighten oversight of digital assets after record trading volumes during 2024.
Companies:
- CEX.IO
- BingX
- Huione
Tags:
- FIU
- Crypto Exchanges
- FIU
- Crypto Exchanges
- India
- Regulation
- AML