India’s Financial Intelligence Unit wants the Ministry of Electronics and Information Technology to block the URLs of nine crypto exchanges.
The move will block Binance, Kraken, Huobi, Kucoin, Bittrex, Gate.io, Bitstamp, Bitfinex and MEXC Global after claiming that the virtual asset service providers (VASP) were “operating illegally” and did not comply with the Prevention of Money Laundering Act.
India has been working to align crypto with its traditional finance sector, having mandated in March that crypto companies must collect know-your-customer (KYC) information. At the same time, it also mandated that crypto firms register with the FIU.
Read more: All crypto companies in…
Read more on Blockworks