BREAKING NEWS: India Implements Shadow Ban on Major Crypto Exchanges
In a significant development, India has initiated a shadow ban on prominent #crypto exchanges, branding their operations as illegal within the country.
đ Exchanges Affected:
Binance
Kucoin
Gate
Huobi
Kraken
Bittrex
Bitstamp
MEXC
Bitfinex
đ Show Cause Notices:
The Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to the aforementioned exchanges.
đ Urgent Action:
FIU IND calls upon the Ministry of Electronics and Information Technology to block the URLs of these nine entities, citing non-compliance with the provisions of the Prevention of Money Laundering (PML) Act in India.
Stay tuned for further updates on this developing situation.
