Odaily Planet Daily News India's Financial Intelligence Department is reviewing four offshore cryptocurrency exchanges to seek the possibility of resuming operations of other crypto exchanges following the lifting of the ban on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activities. . A source familiar with the review process told local news agencies: "We have received applications from four additional offshore cryptocurrency exchanges to operate in India, and we believe that at least two of them will be allowed to resume operations before the end of fiscal year 25." The source also said that this would be after a thorough review of transaction visibility, suspicious transaction reports (STRs) and other related issues. The official further explained that the Indian Financial Intelligence Agency will focus on ensuring compliance with anti-money laundering regulations before issuing a license, and emphasized: "We will only allow any cryptocurrency exchange to operate in India after completing due diligence. We are very strict about compliance requirements." (news.bitcoin)