India’s Financial Intelligence Unit has issued AML non-compliance notices to 15 offshore crypto platforms for serving Indian customers without FIU registration. Further action under the Prevention of Money Laundering Act is possible. The finance ministry also sought takedown of related apps and URLs under IT law.
India’s Financial Intelligence Unit (FIU-IND) has issued AML non-compliance notices to 15 offshore crypto platforms accused of serving Indian customers without registering with FIU-IND. That is Wu Blockchain, with matching Finance Ministry framing via DD India.
The named platforms are Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, FixedFloat, WhiteBIT, and Guardarian.
They may face further action under the Prevention of Money Laundering Act (PMLA).
DD India stamps the notices under Section 13 of the PMLA. Separately, the FIU-IND Director — acting as nodal officer under the Information Technology Act — issued notices seeking takedown of applications and URLs that provide public access to those services in India.
Virtual digital asset service providers were brought under India’s AML/CFT framework via PMLA in March 2023. Obligations are activity-based and apply whether the entity is offshore or onshore, that ministry framing says.
WOO X appears on this FIU list. That is a separate India-registration story from the earlier ZachXBT withdrawal-delay note — see ZachXBT flags WOO X withdrawals stuck for days.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
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