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India brings 49 crypto exchanges under FIU oversight and issues ₹28 crore AML fines in FY 2024–25
In the 2024–25 financial year, 49 cryptocurrency exchanges registered with India's Financial Intelligence Unit, which now serves as the primary supervisor for virtual asset platforms under anti-money laundering rules. Non-compliant exchanges were fined a total of ₹28 crore, while authorities mapped regional transaction hotspots and flagged digital assets tied to scams, fraud, gambling and more serious criminal risks.