💥🚨🚨 BREAKING NEWS 🚨🚨💥
India to Block 9 Crypto Exchange Websites in Widening Crackdown

India’s Financial Intelligence Unit wants the Ministry of Electronics and Information Technology to block the URLs of nine crypto exchanges.

The move will block Binance, Kraken, Huobi, Kucoin, Bittrex, Gate.io, Bitstamp, Bitfinex and MEXC Global after claiming that the virtual asset service providers (VASP) were “operating illegally” and did not comply with the Prevention of Money Laundering Act.

India has been working to align crypto with its traditional finance sector, having mandated in March that crypto companies must collect know-your-customer (KYC) information. At the same time, it also mandated that crypto firms register with the FIU
#Binance #indiabancexexgange #IndiaCryptoBan #BTC #Launchpool
$BTC $ETH $BNB

🚨🚨💥BIG BREAKING NEWS💥🚨🚨
FIU issues notice to Binance, 8 other offshore crypto platforms, writes to MeitY for blocking of URLs
#indiabancexexgange #IndiaCryptoBan #BTC #BinanceSquare

#Binance
#Kucoin
#Gate.io
#Huobi
#Kraken
#Bittrex
#Bitstamp
#mexc and
#bitfinex have received compliance Show Cause Notices from the Financial Intelligence Unit India (FIU IND).
The notices highlight concerns about their operations not complying with the provisions of the Prevention of Money Laundering (PML) Act in India.
In response, FIU IND is urging the Ministry of Electronics and Information Technology to take action by blocking the URLs of these nine entities.

WRX increases more than 30% when #india threats to shutdown foreign exchanges like binance and few more

$WRX

#IndiaCryptoBan #indiabancexexgange

*BREAKING: Due to regulatory uncertainty, Today #Bybit crypto exchange app has been removed from the Apple App Store in India*

#HotTrends #BNBChain #BOME #indiabancexexgange

🛑🛑🛑 Breaking news !

India ban all CEX exchange !

It's rumours or real what you think about it !
Bitcoin and other alts coin 🪙 will be impacted ???

Trading school

#NFP #Launchpool #ARB #ARB #indiabancexexgange #India_Ban_CEX_Exchange

⚠️ FIU Issues Show Cause Notice: Understanding the Implications

The Financial Intelligence Unit (FIU) has recently issued a show cause notice, which is a significant development in the world of finance and regulation.

But what exactly does this mean? Let's break it down.

A show cause notice is a formal document that is issued during a disciplinary process.
It outlines the details of an alleged offense and asks the recipient to explain why disciplinary action should not be taken.
In this context, the FIU is essentially asking the concerned parties to provide a valid reason or justification for their actions or inactions.

In simple terms, the #FIU is sending a strong message:
"Get your affairs in order and comply with our regulations, or face further consequences."

This notice serves as a warning to those who may not be adhering to the rules and regulations set forth by the FIU.

It is essential for all organizations and individuals to be aware of this development and ensure they are in compliance with the relevant laws and regulations.
Failure to do so may result in further action being taken, which could have severe consequences.

Stay informed, stay compliant, and stay safe.

#FinancialRegulation #indiabancexexgange #IndiaCryptoBan #CryptoPatel