India reconsiders foreign crypto exchange registrations: Report
India’s Financial Intelligence Unit is studying registration requests from four overseas crypto exchanges that were earlier banned for noncompliance with the country’s AML laws.
India’s Financial Intelligence Unit (FIU) is reportedly planning to approve two additional offshore crypto exchanges to restart operations in the country.
FIU, responsible for Anti-Money Laundering (AML) compliance in India, is reportedly scrutinizing requests from four overseas crypto exchanges that were earlier banned for not adhering to the country’s AML regulations.
Following FIU registration approvals for Binance and KuCoin, “We have received requests from four more offshore crypto exchanges to operate in India, and we assume that at least two of them will be permitted to resume operations by the end of FY25,” a local news media reported, quoting a source it did not identify.
India’s Financial Intelligence Unit is studying registration requests from four overseas crypto exchanges that were earlier banned for noncompliance with the country’s AML laws.
India’s Financial Intelligence Unit (FIU) is reportedly planning to approve two additional offshore crypto exchanges to restart operations in the country. FIU, responsible for Anti-Money Laundering (AML) compliance in India, is reportedly scrutinizing requests from four overseas crypto exchanges that were earlier banned for not adhering to the country’s AML regulations.Following FIU registration approvals for Binance and KuCoin, “We have received requests from four more offshore crypto exchanges to operate in India, and we assume that at least two of them will be permitted to resume operations by the end of FY25,” a local news media reported, quoting a source it did not identify.Read more