Crypto regulation in India has reached a new milestone. Key highlights from the FIU report for FY 2024-25
• Registration Boom: A total of 49 crypto exchanges are now registered with the FIU.
• The Split: This includes 45 India-based platforms and 4 offshore (foreign) platforms that have completed their registration.
• Strict Penalties: A total fine of ₹28 Crore was imposed on non compliant exchanges in the past year.
This step has been taken to curb money laundering and terror financing
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🚨 49 EXCHANGES NOW FIU REGISTERED!
Crypto regulation in India has reached a new milestone. Key highlights from the FIU report for FY 2024-25
• Registration Boom: A total of 49 crypto exchanges are now registered with the FIU.
• The Split: This includes 45 India-based platforms and 4 offshore (foreign) platforms that have completed their registration.
• Strict Penalties: A total fine of ₹28 Crore was imposed on non compliant exchanges in the past year.
This step has been taken to curb money laundering and terror financing