India orders takedown of 15 crypto platforms for AML violations
Event summary
India’s Financial Intelligence Unit (FIU) has sent non‑compliance notices to fifteen crypto platforms, saying they are operating illegally without following the country’s anti‑money‑laundering (AML) rules. The FIU also asked that the apps and website URLs of these services be taken down from public access.
Key points
- Platforms named include Weex, Blofin, Bitunix, DigiFinex, Toobit, Rezorex, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, FixedFloat, WhiteBIT and Guardarian.
- The notices cite violations of the Prevention of Money Laundering Act (PMLA).
- The FIU is seeking removal of the platforms’ apps and URLs from Indian users.
Regulatory background
In March 2023 India expanded its AML and counter‑terrorism financing framework to cover virtual digital asset (VDA) service providers. The rules require such providers to register with the FIU and keep records, even if they have no physical presence in the country.
Confirmed details
- The FIU issued the notices on 9 September 2026.
- All fifteen platforms were listed in the FIU’s public notice.
- The FIU’s statement says the platforms are operating illegally without complying with PMLA provisions.
Implications
Removing the apps and URLs could block Indian users from accessing these services, forcing the platforms to either comply with registration and reporting rules or cease operations in India.
Next steps
The FIU has not given a deadline for compliance, but the takedown request suggests that continued non‑compliance may lead to further enforcement action.
