【BitPush】India's Financial Intelligence Unit (FIU-IND) disclosed a set of noteworthy figures in its latest annual report: 49 crypto exchanges have successfully registered under the anti-money laundering framework, including 45 local Indian companies and 4 international platforms.
These registered platforms are required to strictly adhere to a series of regulatory requirements—monitoring and reporting suspicious transactions in real-time, accurately identifying wallet owners, and fully tracking fund flows. It sounds demanding, but these are standard practices for global AML compliance.
The regulatory performance for the 2024-25 fiscal year is also impressive. FIU has imposed a total fine of 280 million rupees on platforms that failed to comply with regulations, and has blocked 25 unregistered offshore exchanges, including BitMEX, LBank, and Phemex. Notably, five major international platforms, including a leading exchange and a mainstream platform, have completed compliance registration and continue to serve Indian users.