India May Allow Offshore Crypto Exchanges to Resume Operations under AML Rules

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. FIU-India: A Strict Regulator for Cryptocurrencies
  2. Crypto Under Permanent Surveillance
  3. The Future of Crypto Regulation in India


    4. India is beginning to understand that regulating the crypto sector may be more effective than combating it. India's Financial Intelligence Unit (FIU) is considering allowing several offshore exchanges to resume their operations, provided they adhere to strict anti-money laundering rules.

    FIU-India: A Strict Regulator for Cryptocurrencies

    FIU-India, acting as a vigilant financial sheriff in a country that is finally opening its doors to Chinese investments, is rigid on anti-money laundering rules. After authorizing Binance and KuCoin to resume their activities, it is now considering giving the green light to two other offshore exchanges by March 2025. However, to earn this entry ticket, platforms must prove their transparency on transactions and report any suspicious activity. As an official states, “only after complete diligence will we authorize an exchange to operate”.

    Crypto Under Permanent Surveillance

    The FIU keeps a close watch on exchanges. Last December, nine exchanges, including Binance and KuCoin, faced serious legal action for not complying with Indian laws. Their sites were blocked, but some, like KuCoin, quickly settled their dues to resume operations. Today, the FIU is closely examining four new applications. For these platforms, resuming operations will require total compliance with the rules.

    The Future of Crypto Regulation in India

    By rethinking its crypto policy, India wants to control offshore exchanges while remaining firm on regulation. The FIU plans to increase audits on already authorized platforms to avoid being deceived again.

    India aims to find a balance between strict regulation and openness to the crypto sector, which could significantly impact the future of crypto exchanges in the country.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Expected to Hit Bottom Today, October 5, 2026

Bitcoin is trading around 86,100, with predictions suggesting it is at the bottom on October 5, 2026.

user avatarRajesh Kumar

Bitcoin Hits Predicted All-Time High on October 6, 2025

On October 6, 2025, Bitcoin reached an all-time high of 126,198.07, fulfilling a bold prediction made by a 4chan user based on numerological patterns.

user avatarGustavo Mendoza

FinCEN Withdraws Controversial Crypto Surveillance Proposals

FinCEN has withdrawn its proposals targeting unhosted wallets and crypto mixers after pushback from industry stakeholders and privacy advocates.

user avatarMiguel Rodriguez

Justin Sun Prize Awards New Recipients for Contributions to Erdős Problems

The Office of Justin Sun has announced the newest recipients of the Justin Sun Prize, recognizing independent researcher Wouter van Doorn, mathematics PhD student Quanyu Tang, and mathematics researcher Yanyang Li for their contributions to solving Erdős problems.

user avatarLuis Flores

Greek Servicemen Among Suspects in Cryptocurrency Pyramid Scheme

Two Greek servicemen are implicated in a cryptocurrency pyramid scheme that defrauded approximately 10,000 investors out of 8 million euros.

user avatarArif Mukhtar

MEXC and Payward Explore Collaboration at TOKEN2049

MEXC and Payward are exploring a collaboration to enhance user experience in digital asset trading.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.