Regulation Watch: India 🇮🇳 • India has blacklisted 25 offshore crypto exchanges holding over $9B • Platforms like BingX and LBank were targeted for AML violations • Exchanges must disable apps and websites in the country • OKX exited India, while Binance and KuCoin later complied and resumed • FIU-IND enforces the 2002 anti–money laundering law for crypto • Over 50 exchanges are now registered under the new regime • India still has no full crypto law, only taxes and compliance rules • Trading volumes have dropped, but adoption remains high • On-chain activity grew 69% year over year

Regulation Watch: India 🇮🇳

• India has blacklisted 25 offshore crypto exchanges holding over $9B

• Platforms like BingX and LBank were targeted for AML violations

• Exchanges must disable apps and websites in the country

• OKX exited India, while Binance and KuCoin later complied and resumed

• FIU-IND enforces the 2002 anti–money laundering law for crypto

• Over 50 exchanges are now registered under the new regime

• India still has no full crypto law, only taxes and compliance rules

• Trading volumes have dropped, but adoption remains high

• On-chain activity grew 69% year over year

— Cryptopolitan (@CPOfficialtx) Oct 8, 2025