FIU Issues Notices To 15 Crypto Platforms, Initiates Takedown

by · Inc42

SUMMARY

  • FIU-IND has issued non-compliance notices to 15 offshore crypto platforms under Section 13 of the PMLA.
  • The action widens FIU-IND’s crackdown on offshore crypto platforms serving Indian users without registering under the country’s anti-money laundering framework.
  • Separate directions have been issued under the IT Act to take down the platforms’ apps and URLs in India.