India targets Weex, Blofin, WOO X and 12 other crypto platforms

India’s Financial Intelligence Unit has issued non-compliance notices to 15 crypto service providers and ordered action to take down their apps and URLs in India for operating without meeting the country’s anti-money laundering requirements. Summary India’s FIU issued non compliance notices to 15 offshore crypto platforms, including Weex, Blofin, WOO X and WhiteBIT. The watchdog sought takedown action against the platforms’ apps and URLs for operating without meeting PMLA requirements. Crypto platforms serving Indian customers must register with FIU IND regardless of whether they have a physical presence in the country. The action follows earlier enforcement against major offshore exchanges, including Binance, which later registered and paid a 188.2 million rupee penalty. The Financial Intelligence Unit-India said Tuesday that the notices were issued under Section 13 of the Prevention of Money Laundering Act, naming Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT and Guardarian. FIU targets 15 crypto platforms over PMLA compliance Alongside the compliance notices, FIU-IND issued takedown notices covering...