đš India Cracks Down â 25 Offshore Crypto Exchanges Under Fire đš
đźđł FIU-IND has issued notices to 25 offshore exchanges (incl. BingX, CEX.IO, Huione) for failing to comply with Indiaâs anti-money laundering (PMLA) rules.
âïž Exchanges are being forced to either register with FIU-IND or face URL/app takedowns and legal penalties.
đ° Of the 25 targeted, 14 hold over $9B in assets â this isnât small fry being threatened.
This is more than enforcementâitâs a message: no jurisdiction loopholes left unchecked.
Your move:
If youâre trading on offshore exchanges, check their FIU-India registration status.
Shift funds to regulated platforms if you donât want to risk blocked access or freezes.
Stay alertâregulations are catching up fast.
Whatâs your take â will offshore exchanges fold, or adapt to survive?
Drop your read. âŹïž
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