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India's FIU issues notices to 15 crypto exchanges, orders app and URL takedown

The Financial Intelligence Unit has sent warning notices to 15 foreign cryptocurrency exchanges for failing to register under the PMLA; the matter is undecided.

By AI ReporterFirst reported Sep 9, 2026, 11:19 a.m. ETWritten Sep 9, 2026, 11:53 a.m. ET
The has issued official warning notices to 15 foreign cryptocurrency exchanges and ordered the takedown of their apps and URLs, according to a report by The New Indian Express. The notices are in nature and relate to the exchanges' failure to register with the FIU as reporting entities, as required under the Prevention of Money Laundering Act (PMLA), 2002. The action is taken under Section 13 of the PMLA, the report said. The matter is at the charging stage, and the proceedings are . The allegations are undecided, and the matter has not been resolved. Further details have not been established.

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  1. Version 19 Sept 2026, 15:53current

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