India Issues Compliance Notices, Block URLs of Binance and 8 Other Offshore Crypto Exchanges

The Indian government has issued compliance show cause notices to nine offshore crypto exchanges and initiated measures to block the URLs of these exchanges. It cited their illegal operations and non-compliance with the PMLA provisions in India. The move, according to CoinDesk, aims to ensure adherence to the prevention of money laundering regulations, Cointelegraph noted that this action falls under the Prevention of Money Laundering Act (PMLA) and reflects the governments commitment to curb unlawful activities in the crypto space. Governments Firm Stance on Compliance The...

source: https://tokenpost.com/India-Issues-Compliance-Notices-Block-URLs-of-Binance-and-8-Other-Offshore-Crypto-Exchanges-10984

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