49 Crypto Exchanges Register with India's FIU Under New AML Rules
India's Financial Intelligence Unit (FIU-IND) has recorded registrations from 49 crypto exchanges since rolling out stricter AML rules, marking a notable shift toward onshore compliance. Regulators have already imposed INR 2.8 billion in penalties on offenders and signaled that offshore platforms failing to meet the new standards face blocking measures, raising the cost of operating outside India's supervisory perimeter.
The move matters because it tightens controls on illicit flows and could strengthen investor confidence and liquidity in regulated venues. For users and firms, registration and enhanced compliance are now operational priorities; for offshore operators, the message is clear — adapt or risk exclusion. The development aligns India with global AML trends and suggests continued enforcement as authorities monitor implementation and cross-border activity.