India’s Financial Intelligence Unit is requesting to block the URLs of Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.
India’s Financial Intelligence Unit had issued compliance notices to nine foreign virtual digital asset service providers for allegedly operating illegally and violating Anti-Money Laundering regulations.
Among the crypto service providers are global crypto exchanges Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex. According to a press release on Dec. 28, the unit requested the Ministry of Electronics and Information Technology block the companies’ URLs, presumably to prevent their websites from being accessed in the country.
“Till date 31 VDA SPs have registered with FIU IND. However, several offshore entities though catering to a substantial part of Indian users were not getting registered and coming under the Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework,” the document reads.
