Binance, Kucoin to Huobi, FIU wants MeiTY to block URLs of 9 offshore cryptocurrency platforms
In what may turn into a massive blow for cryptocurrency sector in India, Centre’s Financial Intelligence Unit (FIU), which is under the Finance Ministry, has issued show cause notices to as many as 9 offshore cryptocurrency and virtual digital assets platforms, including Binance and Kucoin. The notifications were issued for non-compliance with anti-money laundering law.
