India to block crypto exchange websites in widening crackdown
时间:2024-06-26 10:37:28 阅读(143)
India clamped down on overseas crypto exchanges like Binance that it says are operating illegally there, moving to block local access to their websites. The Financial Intelligence Unit issued so-called compliance show-cause notices to several platforms including Binance, Kraken, KuCoin and Huobi. It also asked the information ministry to block the URLs of the nine entities, according to a statement late Thursday.
“Several offshore entities catering to a substantial part of Indian users were not getting registered and coming under the Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework,” the FIU said in the statement. India’s government this year imposed money-laundering provisions on the crypto sector as it tightens oversight of digital assets along with other countries. In 2022, authorities delivered a major blow to local crypto exchanges by introducing a tax on transactions that caused trading volumes to plummet.
Bloomberg News reported in 2021 that India’s anti-money laundering agency was examining if Binance had a role to play in an investigation involving betting apps. A Binance spokesperson didn’t immediately respond to a request for comment. Binance, the largest crypto exchange, has come under increased pressure from regulators around the world in the past year. In November, the company agreed to pay $4.3 billion as it pleaded guilty to anti-money laundering and US sanction violations. As part of the agreement with US authorities, co-founder and CEO Changpeng Zhao agreed to step down.
Follow us onTwitter,Facebook,LinkedIn
上一篇:Nifty support at 17000, VIX needs to slip below 20 to witness cool-off; Buy these 2 shares for gains
下一篇:Yields rise to 7
猜你喜欢
- Sensex, Nifty crash amid global rate hike fears — Second straight session of losses
- NSE F&O ban- Balrampur Chini, IRCTC, PNB and others under ban on Monday, December 19, 2022
- Sebi to auction 61 properties of Saradha Group on July 17 to recover investors’ money
- Oil prices on track for fourth straight week of declines
- Nifty short-term trend remains positive, support at 19300-19250; ICICI Bank, Tech Mahindra among top stocks to buy
- Nifty likely to register new record high soon; stick to ‘buy on dip’ approach till positive trend intact
- NSE Bulk deals, January 25- GOYALALUM, SVPGLOB, FIBERWEB and other major deals that took place on Wednesday
- Oil prices surge, markets narrow odds on Fed hike
- Nifty slips below 17900, Sensex below 60000 in opening trade on Wednesday, Jan 11; Tata Motors shares rise 1%