Posted 12/28/2023, 7:18:53 PM
India Bans Major Crypto Exchanges Like Binance, Kraken for Money Laundering Law Violations
- India to ban 9 crypto exchange URLs including Binance, Kraken, Huobi, and more
- Move comes from India's Financial Intelligence Unit due to non-compliance with money laundering laws
- Affects major global exchanges like Binance, Kraken, Bittrex, Bitfinex, and Kucoin
- Part of India's increased regulation and mandates for the crypto industry
- 31 entities registered in India but several not adhering to anti-money laundering controls