India's Financial Intelligence Unit has registered 49 cryptocurrency exchanges under its anti-money laundering framework for fiscal year 2024-25, strengthening oversight of the digital asset market. The registered exchanges include mostly domestic platforms and a few offshore ones, all required to report suspicious transactions and comply with AML obligations. Regulatory enforcement has resulted in penalties for non-compliant exchanges, while major global exchanges like Binance, Bybit, and Coinbase have resumed operations after meeting local regulatory requirements.