India Blocks 15 Crypto Apps Amid Anti-Money Laundering Probe
The Financial Intelligence Unit of India (FIU-IND) has issued non-compliance notices to 15 cryptocurrency providers, citing violations of anti-money laundering rules. The notices, released on September 9, also seek the takedown of these providers' apps and URLs from public access in India.
The affected companies include Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT, and Guardarian. The FIU-IND has ordered the removal of these services under India's information technology law and intermediary rules.
The non-compliance notices do not confirm that every platform is blocked or that customer funds are frozen. However, users may face disruption in accessing their accounts and making withdrawals.