The Financial Intelligence Unit of India (FIU-IND) ordered the blocking of access to 25 offshore crypto exchanges for failing to register under the Indian Prevention of Money-Laundering Act, 2002 (PMLA 2002). The enforcement action follows earlier notices issued to offshore platforms that had been serving Indian users without compliance with registration and anti-money laundering obligations.
In India’s crypto crackdown of October 2025, the FIU-IND ordered the blocking of 25 offshore exchanges for failing to register under the Prevention of Money-Laundering Act, 2002. The blocked platforms, are: AscendEx, BC.Game, BingX, BitMEX, Bitrue, BTCC, BTSE, CEX.IO, Changelly, CoinCola, CoinEx, CoinW, Huione, HIT BTC, LBank, LCX, LocalCoinSwap, Paxful, Phemex, Poloniex, PrimeXBT, Probit Global, Remitano, Youhodler, and ZooMex. These exchanges are restricted in India until they register with FIU-IND, though they remain operational in other jurisdictions.
In contrast, five exchanges remain active and registered with FIU-IND, fully compliant with anti-money laundering and know-your-customer obligations. These are: Binance, Mudrex, Coinbase, CoinSwitch (CoinSwitch Kuber), and ZebPay.
