The Economic Times: India FIU-IND issues notices to 25 Offshore cryptocurrency exchanges including BingX, LBank, CoinW over compliance failures

The exchanges, including well-known platforms such as Huione, Paxful, Changelly and BitMex, were found to be catering to Indian users without registering with FIU, a violation of the country’s anti-money laundering and counter financing of terrorism framework. These offshore exchanges operate from various jurisdictions worldwide but actively solicit Indian users without ensuring compliance…