Tag: FIU

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Indian Govt. Officials Probe Crypto Exchange WazirX’s $234M Hack

Government Agencies Probe WazirX Hack Indian government agencies, including the Financial Intelligence Unit (FIU), are investigating a $235 million hack targeting WazirX, amid suspicions of insider involvement. The crypto exchange WazirX is working closely with authorities, such as the Financial Intelligence Unit, to address the $235 million theft from its wallet in July. Sources told […]
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FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the […]
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Binance Launches New Domains for Indian Customers Amid Regulatory Challenges

In a bold move amidst regulatory challenges, Binance, a leading global cryptocurrency exchange, has announced the launch of two new URLs – binance.me and binance.info – specifically tailored for its Indian customer base. This initiative follows the Indian government’s recent measures to block foreign cryptocurrency exchanges, including Binance, due to non-compliance with anti-money laundering regulations. These […]
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India Tightens Regulation on Offshore Cryptocurrency Platforms with Show-Cause Notices

New Delhi: In a significant regulatory move, India’s Financial Intelligence Unit (FIU-India) has served show-cause notices to nine major offshore cryptocurrency platforms for alleged non-compliance with the country’s financial regulations. The directive, which targets industry giants including Binance, Kucoin, and Huobi, marks a pivotal moment in India’s approach to overseeing the burgeoning digital asset market. […]
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