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BTCC / BTCC Square / Global Cryptocurrency /
India Tightens Crypto Oversight with 49 Registered Exchanges and ₹2.8 Billion Penalties

India Tightens Crypto Oversight with 49 Registered Exchanges and ₹2.8 Billion Penalties

Author:
Global Cryptocurrency
Published:
2026-01-06 14:05:02
10
1
BTCCSquare news:

India's Financial Intelligence Unit (FIU-IND) has registered 49 cryptocurrency exchanges for the 2024–25 fiscal year, marking a significant step toward regulatory clarity. The list includes 45 domestic platforms and four offshore entities, all now bound by anti-money laundering (AML) provisions under the Prevention of Money Laundering Act.

Non-compliant exchanges faced steep penalties totaling ₹2.8 billion, signaling rigorous enforcement. The framework mandates real-time transaction monitoring, wallet ownership tracking, and suspicious activity reporting—a MOVE that aligns with global financial surveillance standards while accommodating India's booming digital asset market.

FIU-IND's annual report emphasizes strategic focus on inter-wallet cash movements and VDA-related transactions. This regulatory scaffolding arrives as institutional interest in cryptocurrencies like BTC and ETH accelerates nationwide, though no specific exchanges were named in the disclosure.

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