India Tightens Cryptocurrency Exchange Regulations: 49 Exchanges Registered, 5 Major Platforms Approved to Operate

2026-01-06 09:38:14

【BitPush】India’s Financial Intelligence Unit (FIU-IND) disclosed a set of noteworthy figures in its latest annual report: 49 crypto exchanges have successfully registered under the anti-money laundering framework, including 45 domestic Indian companies and 4 international platforms.

These registered platforms are required to strictly adhere to a series of regulatory requirements—monitoring and reporting suspicious transactions in real-time, accurately identifying wallet owners, and fully tracing fund flows. It sounds demanding, but these are standard practices in global anti-money laundering compliance.

The regulatory achievements for the 2024-25 fiscal year are also impressive. FIU has imposed a total fine of 280 million rupees on platforms that failed to comply with regulations, and has blocked 25 unregistered offshore exchanges, including BitMEX, LBank, and Phemex. Notably, five major international platforms, including a leading exchange and a mainstream platform, have completed compliance registration and continue to serve Indian users.

Looking ahead, FIU plans to further deepen the regulatory framework—requiring all exchanges to conduct regular risk assessments and undergo sanctions list screening. This combination of measures is gradually making India one of the most stringent markets globally for crypto asset trading regulation. For industry practitioners, compliance is no longer optional but a mandatory course.

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DegenGambler

· 01-07 05:47

India's combination punch still has some substance; 49 registered platforms indicate that the ecosystem is becoming more regulated. But the question is, can small platforms survive...

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NoodlesOrTokens

· 01-07 05:26

India's move is quite aggressive, directly shutting down 25 offshore exchanges... But speaking of which, how did those five major platforms get registered so quickly? Seems like there's more to the story later on.

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PositionPhobia

· 01-06 10:07

India is really serious this time, with 49 registered and 25 directly shut down... This pace is a bit intense.

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mev_me_maybe

· 01-06 10:04

India is really cracking down this time, with 25 exchanges directly shut down and a fine of 280 million rupees... The pace is quite intense. I want to ask, can the five major platforms really sustain themselves in the long run? With such strict regulation, there might be even more exits in the future. But on the other hand, this kind of crackdown can indeed purify the market, though retail investors might have fewer options to choose from.

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MetaverseLandlady

· 01-06 10:03

India's move is really aggressive; 49 companies have registered. Are they planning to tie up all the exchanges?

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