15 crypto platforms face FIU-IND action over PMLA non-compliance
India, Sept. 20 -- India's financial-intelligence authorities have widened their scrutiny of offshore cryptocurrency platforms serving Indian users, with the latest action against 15 exchanges bringing another group of foreign operators under the country's anti-money laundering enforcement framework and highlighting the growing regulatory exposure of platforms that provide covered virtual-asset services in India without registering as reporting entities. The Financial Intelligence Unit-India (FIU-IND) has issued notices to Weex, Blofin, Rezorex, Bitunix, Digi Finex, Toobit, XT.com, Latoken, WOO X, Pionex, Change Now, Simple Swap, Fixed Float, White BIT and Guardarian for non-compliance with the Prevention of Money Laundering Act, while al...
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