2026-01-06 09:22:35

India's financial intelligence unit has brought 49 cryptocurrency exchanges into its regulatory framework during fiscal year 2025, intensifying efforts to combat money laundering in the digital asset space. The registration push reflects a strategic crackdown on non-compliant platforms.

The enforcement action has been swift and substantial. Authorities have levied ₹28 crore in penalties against exchanges failing to meet compliance standards. The registered entities include 45 India-based exchanges alongside 4 offshore platforms operating within the Indian market.

This regulatory escalation marks a turning point in how India approaches crypto oversight. Rather than outright bans, the government is channeling exchanges through structured compliance mechanisms, requiring transparent operations and robust anti-money laundering protocols. The combination of registration requirements and financial penalties signals New Delhi's commitment to mainstreaming crypto while eliminating bad actors from the ecosystem.

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ForeverBuyingDips

· 16h ago

I've seen this trick in India before—first co-opt, then squeeze. How many small transactions are ruined by a 2.8 billion rupee fine?

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StealthDeployer

· 01-08 16:40

India's recent move is okay, not a harsh ban but rather guidance towards compliance... A fine of 2.8 billion rupees was imposed, making those shady transactions more honest.

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GasGuzzler

· 01-06 09:52

India's move is quite reasonable. Instead of a complete ban, it's better to regulate it, with a 2.8 billion fine imposed... Those small platforms should behave themselves.

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GasFeeLady

· 01-06 09:52

ngl india finally figured out the optimal window for regulation... no more chaotic mempool energy, just clean compliance txs. watching them onboard 49 exchanges is like seeing someone finally set their gas limit right after months of overpaying lol

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ser_ngmi

· 01-06 09:45

India's recent move is okay, but a fine of 2.8 billion rupees sounds a bit itchy... The real bad guys have already run away, haha

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RektButAlive

· 01-06 09:43

India's approach is quite clever; instead of outright banning, they frame it and regulate it. This method is much better than a blanket ban.

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0xLuckbox

· 01-06 09:42

India's move this time is quite clever, not outright banning but bringing it into the framework for regulation. This is the right way for crypto to survive long-term.

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CommunityJanitor

· 01-06 09:40

India's move is really smart, it's not banning but regulating. 49 exchanges are in the framework, reliable ones stay.

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BagHolderTillRetire

· 01-06 09:34

Haha, India is really serious this time. 49 exchanges have been brought under the regulatory framework all at once, it seems they're serious about playing for keeps.

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