India Cracks Down on 15 Offshore Crypto Exchanges Over Anti-Money Laundering Concerns

India's Financial Intelligence Unit-India (FIU-IND) has issued compliance notices to 15 offshore cryptocurrency exchanges over non-compliance with anti-money laundering regulations. The notices were sent on September 9, 2026, and targeted platforms such as Weex, Blofin, Bitunix, Pionex, WhiteBIT, DigiFinex, Toobit, and XT.com.

The action follows a similar move in 2023 when FIU-IND issued notices to Binance and KuCoin. The current notices cover virtual digital asset service providers that have not registered as Reporting Entities under India's anti-money laundering framework.

According to regulations, these platforms must maintain records, conduct due diligence, and report information to authorities. The action is seen as a new phase in offshore exchange oversight for Indian crypto traders.