India's FIU flags 15 crypto platforms for anti-money laundering violations

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India's Financial Intelligence Unit (FIU-IND) has issued non-compliance notices to 15 cryptocurrency platforms operating in the country. The regulator classified these firms as virtual digital asset service providers under its oversight framework. The notices were issued due to lapses in adherence to anti-money laundering (AML) regulations. This action signals India's continued push to bring crypto businesses in line with its financial compliance standards.

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