India has issued a directive to block access to Binance and eight other cryptocurrency exchanges, according to a decision by the national financial agency, the Financial Intelligence Unit of India.

A press release from this agency states that this action is a consequence of the exchanges' failure to adhere to the regulations outlined in the Anti-Money Laundering Act. Additionally, the Indian financial agency has announced the initiation of a notice of reasons for complaint against these nine cryptocurrency exchanges.

The list of blocked cryptocurrency exchanges includes Binance, Kraken, Bitfinex, Bittrex, Gate.io, Kucoin, Huobi, Bitstamp, and MEXC. According to the provisions of the Anti-Money Laundering Act, both domestic and international exchanges must register with the regulatory authority.