FIU India Crypto Exchange Ban Hits 25 Top Platforms, Traders in Panic
The Indian government has taken a big step against offshore cryptocurrency platforms. The Financial Intelligence Unit (FIU-IND) has announced the FIU India Crypto Exchange Ban, blocking 25 foreign exchanges because they did not follow Indian rules.
These apps and websites will not work until the companies register under the Prevention of Money Laundering Act (PMLA).
FIU-IND Blocks 25 Offshore Cryptocurrency Exchanges
According to the latest update from Crypto India X account , the unit found that these 25 foreign platforms were operating in here without permission.
To protect users, they have asked the IT Ministry to block country's asset exchange platforms’s apps and websites. This FIU Crypto Exchange Ban is meant to keep investors safe.
Which Cryptocurrency Apps Are Banned?
The India exchanges ban list includes some very popular applications. These include:
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Paxful
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CEX.IO
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LBank
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BingX
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CoinEx
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AscendEX
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CoinW and many more as seen in the list.
These exchanges were blocked because they don’t follow FIU India crypto registration rules . Many traders used these apps, but now they will need to move to some other application which follows country's regulations.
Why Is This India Crypto News Important?
The Financial Intelligence Unit gave three simple reasons for this block:
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Money Laundering Risk – Without proper rules, asset can be used for illegal money transfers.
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No Investor Safety – If something goes wrong, users have no protection.
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Tax Loss – The government cannot collect tax from unregistered exchanges.
So, the FIU digital asset exchange ban is meant to make the industry safer and more transparent in this territory.
Experts say this will push more investors toward FIU-registered platforms like WazirX, CoinDCX, and CoinSwitch, which already follow the rules.
This territory is one of the world’s biggest cryptocurrency markets positioned at 2nd rank. This FIU Ban shows that the government is not against digital asset itself, but wants all platforms to be regulated.
The message is clear: if global exchanges want our country’s users, they must register and follow Indian law.
Conclusion
The FIU India Crypto Exchange Ban is not the end of digital assets in this nation. It’s a warning for companies that don’t follow the law and a reminder for traders to use safe, FIU-approved exchanges.
For Indian investors, the smart choice is to trade only on legal, registered platforms to avoid high risks becuase cryptocurrency market is highly voilatile and staying ahead on the updates is severly important.
Indian Govt is not banning cryptocurrencvy—it is making it safer and stronger for the future.
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