🔴 BREAKING NEWS 🇮🇳

🇮🇳 India enforces a shadow ban on major #crypto exchanges, labeling their operations as illegal in the country.

🟠 Binance, Kucoin, Gate, Huobi, Kraken, Bittrex, Bitstamp, MEXC, and Bitfinex receive compliance Show Cause Notices from the Financial Intelligence Unit India (FIU IND).

🟠 FIU IND urges the Ministry of Electronics and Information Technology to block the URLs of these nine entities for operating without complying with the provisions of the Prevention of Money Laundering (PML) Act in India.