TechFlow news, January 6th, according to Financefeeds reports, the latest annual report from India's Financial Intelligence Unit (FIU-IND) shows that 49 cryptocurrency exchanges have successfully registered as reporting entities under the anti-money laundering framework, with 45 being domestic Indian companies and 4 being overseas platforms. The FIU requires all registered exchanges to monitor and report suspicious transactions, identify the actual owners of wallets, and track fund flows. In the 2024-25 fiscal year, regulators imposed a total of 280 million rupees in fines on non-compliant platforms and blocked 25 unregistered offshore exchanges, including BitMEX, LBank, and Phemex. Meanwhile, five major overseas exchanges such as Binance and Coinbase have completed registration and continue to serve Indian users. The FIU plans to further strengthen regulation by requiring exchanges to conduct regular risk assessments and sanctions screenings, making India one of the strictest markets globally for crypto asset trading regulation.
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