India Cracks Down on Offshore Crypto Exchanges

[chainsniff]

The Financial Intelligence Unit (FIU-IND) blocked access to 25 offshore crypto exchanges for failing to comply with India’s AML and KYC rules. This regulatory action coincided with GFF 2025, reinforcing India’s strategy of excluding unregulated private crypto from its domestic FinTech ecosystem.

#CryptoBan #AMLCompliance #FinTechIndia #CryptoRegulation

[alex10]

This move could push more traders toward domestic platforms and tighter compliance frameworks.

[kelson10]

Offshore exchanges may soon lose access to Indian liquidity — the government’s message is clear.