Justin Sullivan
- An Indian financial regulator has published a list of nine foreign cryptocurrency exchanges, including Binance, Kucoin and Kraken, that it says are operating illegally in the country without complying with anti-money laundering laws.
- Virtual digital asset service providers (VDA SP) were included in the auspices of India's Anti-Money Laundering and Anti-Terrorist Financing Framework in March 2023.
- India's Financial Intelligence Unit has asked the Ministry of Electronics and Information technology to block the URLs of the nine entities.
- “To date, 31 VDA SPs have registered with FIU IND. However, several offshore entities, although serving a substantial portion of Indian users, did not register and fell under the anti-money laundering and anti-financing framework. terrorism”, the agency saying in a statement on Thursday.
- In addition to Binance, Kraken, and Kucoin, the other cryptocurrency/exchange service providers are: Huobi, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
- Cryptocurrency trading is mixed on Friday trading. bitcoin (btc-USD) surpassed up to 0.1% at $42.8K, ethereum (eth-USD) -0.2% at $2.37K, cardano (ADA-USD) -0.94%solana (SOL-USD) +6.4%Binance Coin (BNB-USD) -3.4%.
