India Issues Notices to 15 Crypto Platforms Over AML Non-Compliance

India's Financial Intelligence Unit issued non-compliance notices to 15 crypto platforms, including Weex, Blofin, Bitunix, XT.com, WhiteBIT and ChangeNow. The agency is seeking removal of their apps and URLs from public access, saying they operated in India without registering under the Prevention of Money Laundering Act.

• FIU sent notices to 15 crypto platforms, including Weex, Blofin, Bitunix, XT.com and WhiteBIT
• Regulator seeks removal of the platforms' apps and URLs from public access
• Registration requirement has applied since March 2023 to all VDA providers serving Indian users
• FIU said crypto products and NFTs remain unregulated in India