The post Breaking: FIU Tightens Rules for Indian Crypto Exchange Platforms appeared first on Coinpedia Fintech News
India is stepping up regulation of the crypto sector, with 49 cryptocurrency exchanges officially registered with the Financial Intelligence Unit (FIU) during the 2024–25 financial year. This move is part of the government’s effort to bring digital asset activity under stricter anti-money laundering (AML) and counter-terror financing controls, as concerns rise over crypto misuse in criminal activities.
FIU Review Reveals High-Risk Crypto Activity
According to the FIU report for the 2024–25 financial year, accessed by PTI, the registration follows a review of Suspicious Transaction Reports (STRs) submitted by crypto platforms. The FIU found that crypto funds were repeatedly used for high-risk activities, including scams, fraud, gambling networks, unaccounted transfers, and peer-to-peer abuse. Some cases were even linked to darknet services, terror financ
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