India's FIU Issues Non-Compliance Notices to 15 Offshore Crypto Platforms

The Financial Intelligence Unit of India (FIU-IND) issued non-compliance notices to 15 offshore virtual digital asset service providers, including Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT, and Guardarian, for operating without registration. Under the Prevention of Money Laundering Act, platforms serving Indian users must register and fulfill obligations regarding user verification and reporting.