India to Ban URLs of 9 Crypto Exchanges
The Financial Intelligence Unit (FIU) under the Indian Finance Ministry has issued a show cause notice to nine offshore cryptocurrency exchanges, urging the Ministry of Electronics and Information Technology (MeitY) to block their URLs in India. The move comes in response to alleged non-compliance with India’s anti-money laundering laws. Notable exchanges affected include Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex. In a statement, the FIU disclosed that the action was part of a compliance drive against offshore Virtual Digital Assets Service Providers (VDA SPs) under Section…