India to Block Crypto Exchange Websites in Widening Crackdown
- FIU asks information ministry to block nine entities’ websites
- Transaction tax has driven traders to offshore venues
The Financial Intelligence Unit issued “compliance show-cause” notices to several platforms including Binance, Kraken, KuCoin and Huobi.
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India clamped down on overseas crypto exchanges like Binance that it says are operating illegally there, moving to block local access to their websites.
The Financial Intelligence Unit issued so-called compliance show-cause notices to several platforms including Binance, Kraken, KuCoin and Huobi. It also asked the information ministry to block the URLs of the nine entities, according to a statement late Thursday.