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India's Financial Intelligence Unit released its FY 2024–25 report, revealing significant progress in cryptocurrency platform oversight. A total of 49 crypto exchanges have now registered for anti-money laundering compliance—45 domestic platforms and 4 international ones. The regulator took a firm stance on violations, imposing penalties totaling INR 2.8 billion against non-compliant entities. This enforcement action underscores India's commitment to strengthening AML frameworks within the digital asset sector, signaling tighter regulatory expectations for all market participants.