{"id":136908,"date":"2024-09-07T16:00:31","date_gmt":"2024-09-07T13:00:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136908"},"modified":"2024-09-07T00:08:23","modified_gmt":"2024-09-06T21:08:23","slug":"india-to-approve-two-more-offshore-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/india-to-approve-two-more-offshore-crypto-exchanges\/","title":{"rendered":"India to Approve Two More Offshore Crypto Exchanges"},"content":{"rendered":"
The FIU, which oversees Anti-Money Laundering (AML) compliance in India, is reviewing<\/a><\/strong> applications from four foreign exchanges previously banned for AML violations.<\/p>\n After granting registration approvals to Binance and KuCoin, the FIU is expected to approve at least two of the four pending applications by the end of FY25. The approval process involves a thorough examination of transaction visibility and reporting practices, according to unnamed sources.<\/p>\n Previously, India had restricted nine international crypto exchanges, including Binance, in January due to non-compliance with AML regulations. KuCoin and Binance have since met FIU requirements, while OKX has ceased operations in India.<\/p>\n