India's Financial Intelligence Unit (FIU-IND) has moved to restrict access to 15 cryptocurrency platforms for not adhering to anti-money laundering laws, as confirmed by the Ministry of Finance. The platforms under scrutiny include Weex, BloFin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNOW, SimpleSwap, FixedFloat, WhiteBIT, and Guardarian.
FIU-IND has issued notifications to these entities highlighting their regulatory breaches. All cryptocurrency services that target Indian users must register with FIU-IND, keep transaction records, and file required reports. This regulation also applies to foreign platforms that do not have a physical presence in the country.
