India Seeks to Ban Major Crypto Exchanges Like Binance, Kraken for Operating Illegally
• India's Financial Intelligence Unit requested 9 crypto exchanges be banned for operating illegally without proper registration • Exchanges targeted include Binance, Kraken, Huobi, Gate.io, Bittrex, Bitfinex, and others • 31 virtual asset exchanges have registered properly; unnamed others serve Indian users without registering • Follows $4.3B US fine against Binance and guilty plea from founder Changpeng Zhao • Part of global regulatory crackdown on crypto exchanges by national governments