2026-01-06 13:30:03

The Indian financial regulatory authority recently released a fiscal year report, revealing progress in compliance within the crypto ecosystem. To date, 49 crypto exchanges have completed anti-money laundering registration, of which 45 are domestic platforms and 4 are offshore operators. What does this mean? Registered exchanges are required to submit suspicious transaction reports, identify the actual controllers of wallets, and fully trace the flow of funds. The regulatory stance is very clear—violators will be severely punished. In the last fiscal year alone, fines amounted to 2.8 billion rupees, which is a real enforcement action. As we move into 2025, compliance standards are expected to be further upgraded, signaling important developments for trading platforms and investors.

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SandwichTrader

· 01-09 09:01

Wow, India is really serious about this. A fine of 2.8 billion rupees is no small amount. Unregulated platforms deserve to be punished. What retail investors fear the most is exchanges running away. 45 domestic ones, 4 offshore? Seems like there will be more big moves coming. If this wave of regulation can really be established, it’s actually good for the entire ecosystem. Regarding wallet tracking... it feels a bit uncomfortable, what's going on? India acts quickly. When can our country also enforce such strict law enforcement?

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OnChainArchaeologist

· 01-08 08:23

49 exchanges registered, India is determined to thoroughly understand on-chain activities, offshore ones can't escape either --- 28 billion rupees fine, this time they are really not just going through the motions. Violating exchanges should be on alert --- Wallet control identification and full fund flow tracking, privacy space is being squeezed again. Need to think about how to respond --- India's regulations are strict, and standards are set to be upgraded again in 2025? Smaller platforms will probably have an even harder time --- 45 domestic plus 4 offshore, with such high compliance costs, it's uncertain how many small and medium exchanges will be pushed out in this round --- Anti-money laundering registration is fully rolled out. It will be harder to operate discreetly in the future. Whether this is good or bad for the on-chain ecosystem is really hard to say

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MEVHunterLucky

· 01-06 13:59

India's crackdown is really tough; a fine of 2.8 billion rupees is no joke. Exchanges must strictly adhere to KYC, with no gray areas. If you still want to stay in the crypto space in 2025, you need to be more cautious.

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FunGibleTom

· 01-06 13:48

All 49 exchanges have obediently gone ashore. India is really coming hard. --- A fine of 2.8 billion rupees has been imposed. Who else dares to play tricks? --- Offshore platforms also need to register? Looks like there's nowhere to hide. --- The actual controllers of wallets must be exposed. The era of anonymity is coming to an end. --- The signal of compliance upgrade. We need to watch closely in 2025. --- The question is, are the exchanges cooperating? It feels like some might be acting in bad faith. --- India is really starting to take cryptocurrency seriously, no longer as casual as before. --- All 45 domestic platforms have registered, indicating that the policy is indeed effective. --- If this continues, small exchanges might have no way out. --- Full tracking of capital flows. Privacy players should be worried.

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BearMarketMonk

· 01-06 13:48

Is regulation really here, or is it just a routine show? 49 companies have completed registration—how many are just compromises to survive? A fine of 2.8 billion rupees sounds intimidating, but what about those who actually violated regulations? They've already turned to other regulatory havens.

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fomo_fighter

· 01-06 13:46

India's crackdown is serious this time; a fine of 2.8 billion rupees is no joke. All 49 exchanges must honestly report their activities, wallet tracing is non-negotiable, and non-compliance means getting shut down. This is good news for the on-chain ecosystem, at least there's no need to worry about exchanges suddenly running away. What will the scene look like in 2025? I'm a bit excited but also a little nervous.

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DegenGambler

· 01-06 13:36

Hey, it looks like India's recent moves are serious. All 49 exchanges must register obediently. A fine of 2.8 billion rupees, this level of enforcement is truly intimidating. Violators are probably crying now. Compliance upgrades really need to be taken seriously, or else your wallets will be exposed. By the way, will India's ecosystem undergo a major reshuffle in 2025? Now those borderline platforms are in for a tough time.

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CascadingDipBuyer

· 01-06 13:31

India has really started to take action. A fine of 2.8 billion rupees is no small amount. Those who try to exploit loopholes will have to think twice now.

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