Big Update from India 🇮🇳

India enforces a shadow BAN on major #crypto exchanges, labeling their operations as illegal in the country.

#Binance

#Kucoin

#Gate.io

#Huobi

#Kraken

#Bittrex

#Bitstamp

#MEXC and

#Bitfinex have received compliance Show Cause Notices from the Financial Intelligence Unit India (FIU IND).

The notices highlight concerns about their operations not complying with the provisions of the Prevention of Money Laundering (PML) Act in India.

In response, FIU IND is urging the Ministry of Electronics and Information Technology to take action by blocking the URLs of these nine entities.

Stay informed and follow us for the latest updates.

#IndiaCryptoBan #FIUIND #CryptoRegulation #CryptoPatel

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