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India's Financial Intelligence Unit (FIU) is reviewing requests from four offshore cryptocurrency exchanges to resume operations in the country. The review focuses on strict anti-money laundering (AML) compliance, with potential approval expected by March 2025. This move follows the reinstatement of Binance and KuCoin, which were previously banned for noncompliance with AML laws. The four offshore crypto exchanges are expected to resume operations by 2025.
Let's discuss what happened in crypto this week… India’s Financial Intelligence Unit (FIU) is reportedly looking to allow offshore crypto exchanges to register again after the previous ban for noncompliance with the country’s AML laws. ‘Unlucky’ MEV bot took out a $11.9… https://t.co/y3Lyfx8Z0T
#India's FIU is reportedly reviewing four offshore #cryptocurrency exchanges for potential approval to resume operations. https://t.co/BOrJCBlWVF
MORE OFFSHORE CRYPTO EXCHANGES COULD SOON OPERATE IN INDIA India’s FIU is evaluating four offshore crypto exchanges for possible approval by March 2025, focusing on strict AML compliance. Following the reinstatement of Binance and KuCoin, FIU-India is committed to ensuring… https://t.co/2aBABr94Eq