Action against offshore crypto exchanges operating in India under money laundering laws may deprive local exchanges of much-needed liquidity and complicate their plans to move abroad, three industry executives said. The finance ministry’s Financial Intelligence Unit (FIU) on 28 December wrote to Binance, KuCoin and seven others that any exchange offering services to Indian users must register as a ‘reporting entity’, and file statements with the income tax department. The FIU also recommended blocking the web addresses of these exchanges in India.
LIVE
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
▲ +0.00%
RAIN
$0.012742
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$509.97
▲ +3.10%
ADA
$0.199853
▼ -4.40%
XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
▲ +0.10%
USD1
$0.999712
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
▲ +0.00%
RAIN
$0.012742
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$509.97
▲ +3.10%
ADA
$0.199853
▼ -4.40%
XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
▲ +0.10%
USD1
$0.999712
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.35
▼ -2.40%
BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
▲ +0.00%
RAIN
$0.012742
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$509.97
▲ +3.10%
ADA
$0.199853
▼ -4.40%
XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
▲ +0.10%
USD1
$0.999712
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
▲ +0.00%
RAIN
$0.012742
▲ +1.50%
LEO
$9.76
▲ +0.00%
ZEC
$509.97
▲ +3.10%
ADA
$0.199853
▼ -4.40%
XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
▲ +0.10%
USD1
$0.999712
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.35
▼ -2.40%
