India's FIU Targets 15 Crypto Platforms for AML Non‑Compliance

India's Financial Intelligence Unit (FIU) has taken regulatory action against fifteen cryptocurrency service providers, citing failures to meet anti‑money‑laundering (AML) requirements.

Non‑compliance notices issued

The FIU formally notified each of the fifteen platforms that they are not complying with India's AML framework.

Requested takedowns

In addition to the notices, the FIU has asked for the removal of the platforms' mobile applications and associated URLs from distribution channels and internet hosting services.

Regulatory context

This move reflects ongoing efforts by Indian authorities to enforce stricter compliance standards within the cryptocurrency sector.