2026-01-06 10:22:22

India's Financial Intelligence Unit-India (FIU-IND) latest fiscal year report reveals new developments in India's cryptocurrency regulation. So far, 49 crypto exchanges have completed anti-money laundering registration procedures locally, including 45 domestic platforms and 4 offshore exchanges that are now under official regulation.

For these registered platforms, regulatory requirements are quite strict—mandatory submission of suspicious transaction reports, clear identification of wallet beneficiaries, and full tracking of fund flows. Last year, FIU fined illegal exchanges a total of 2.8 billion rupees, demonstrating significant enforcement.

More aggressive measures were taken in October 2025, when India blocked access to 25 non-compliant offshore exchanges. Currently, only a few leading platforms and local service providers have completed formal registration and can continue offering services to Indian users. Behind this crackdown is India's strict control over the crypto market.

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MetadataExplorer

· 01-09 10:21

India's move is really fierce; a fine of 2.8 billion rupees directly clears the scene.

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TokenToaster

· 01-09 07:55

India's move is brilliant, a 2.8 billion rupee fine—just do it.

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LootboxPhobia

· 01-08 14:17

India's move is really tough; 25 exchanges were directly shut down, leaving only the top platforms able to survive. In the crypto world, the heart is with regulation. A fine of 2.8 billion rupees, this level of enforcement is indeed top-notch, haha. Compliance is the way to go; everything else is pointless. Another country is tightening regulations; maybe we should just tuck our tails in. Is India's move a sample for the entire industry? When it comes to wallet tracking, privacy enthusiasts are going to cry. A crackdown 48 minutes ago, targeting by 2025—India really acts quickly. Domestic platforms are living comfortably, offshore days are tough. It seems only legal and compliant operations can survive until the end.

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LiquidatorFlash

· 01-06 10:51

49 registered, 2.8 billion in fines, 25 blocked... India's recent crackdown really seems to be targeting whoever they want to crack down on.

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SnapshotLaborer

· 01-06 10:45

India's move is really ruthless, directly banning 25 companies... Looks like I have to find a new VPN again.

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FUD_Vaccinated

· 01-06 10:44

India's move is really ruthless; shutting down 25 offshore institutions with a single order leaves no room for escape.

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NFT_Therapy

· 01-06 10:34

India's approach is quite tough, directly shutting down 25 companies. It seems that non-cooperation will lead to losses.

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All-InQueen

· 01-06 10:31

Wow, India's approach is really ruthless, directly banning 25 companies... Fortunately, I withdrew early, now watching these platforms struggle is a bit satisfying. 2.8 billion rupees fine? That's hilarious. Are they trying to regulate the crypto industry or kill the market? India's move is really tough this time, but on the other hand, strict regulation might actually benefit large platforms. Small investors will have to fend for themselves.

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Anon32942

· 01-06 10:30

India's move is quite harsh, shutting down 25 exchanges directly. Crypto friends, it's time to run.

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