Justin Sullivan
- An Indian financial regulator has issued a list of nine foreign cryptocurrency exchanges, including Binance, Kucoin, and Kraken, that it says are illegally operating in the country without complying with anti-money-laundering laws.
- Virtual digital asset service providers (VDA SPs) came under the auspices of India’s Anti Money Laundering/Counter Financing of Terrorism framework in March 2023.
- Financial Intelligence Unit India has asked the Ministry of Electronics and Information Technology to block the urls of the nine entities.
- “Till date 31 VDA SPs have registered with FIU IND. However, several offshore entities, though catering to a substantial part of Indian users were not getting registered and coming under the Anti Money Laundering and Counter Financing Terrorism framework,” the agency said in a statement on Thursday.
- In addition to Binance, Kraken, and Kucoin, the other exchange/crypto service providers are: Huobi, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
- Crypto trading is mixed in Friday trading. Bitcoin (BTC-USD) edged up 0.1% to $42.8K, ethereum (ETH-USD) -0.2% to $2.37K, cardano (ADA-USD) -0.94%, solana (SOL-USD) +6.4%, Binance coin (BNB-USD) -3.4%.
More on Bitcoin, Ethereum, etc.
Source link
