India Tightens Cryptocurrency Exchange Regulations: 49 Exchanges Registered, 5 Major Platforms Approved to Operate

【BitPush】India’s Financial Intelligence Unit (FIU-IND) disclosed a set of noteworthy figures in its latest annual report: 49 crypto exchanges have successfully registered under the anti-money laundering framework, including 45 domestic Indian companies and 4 international platforms.

These registered platforms are required to strictly adhere to a series of regulatory requirements—monitoring and reporting suspicious transactions in real-time, accurately identifying wallet owners, and fully tracing fund flows. It sounds demanding, but these are standard practices in global anti-money laundering compliance.

The regulatory achievements for the 2024-25 fiscal year are also impressive. FIU has imposed a total fine of 280 million rupees on platforms that failed to comply with regulations, and has blocked 25 unregistered offshore exchanges, including BitMEX, LBank, and Phemex. Notably, five major international platforms, including a leading exchange and a mainstream platform, have completed compliance registration and continue to serve Indian users.

Looking ahead, FIU plans to further deepen the regulatory framework—requiring all exchanges to conduct regular risk assessments and undergo sanctions list screening. This combination of measures is gradually making India one of the most stringent markets globally for crypto asset trading regulation. For industry practitioners, compliance is no longer optional but a mandatory course.