India’s Financial Intelligence Unit (FIU-IND) has issued non-compliance notices to 15 crypto providers and asked for their public apps and website URLs to be removed from access in the country.
The action, announced on Sept. 9, concerns services that the agency says have not met requirements under the Prevention of Money Laundering Act. However, the notice does not confirm that all 15 platforms have already been blocked, nor does it say that customer accounts, balances or withdrawals have been frozen.
The providers named by FIU-IND include Weex and Weex International Exchange LTD; Blofin and BLF Global Limited; Rezorex and RezorEx; Bitunix and Bitunix LLC; DigiFinex and DigiFinex Ltd; and Toobit and Hopeful Technology Co. Ltd.
The remaining services are XT.com, linked in the announcement to Fibtc Ltd / XT TECHNICAL PTE. LTD.; Latoken and LAtrade Ltd; WOO X and Wootech Limited; Pionex and Marketa Trading Inc.; ChangeNow and CHN Group LLC; SimpleSwap and SimpleSwap LTD; Fixedfloat and FFGX Group LLC; WhiteBIT and UAB Clear White Technologies; and Guardarian and FinSeven CZ.
FIU-IND said its takedown requests were made under India’s information technology law and intermediary rules. The requests target public-facing apps and URLs, but do not establish that app stores or internet service providers have completed the removals.
Why the services are covered
India brought virtual-asset service providers into its anti-money laundering and counter-terrorist financing framework in March 2023. Under FIU-IND’s registration rules, firms offering exchange, transfer, custody, administration or issuer-related services in India must register as reporting entities.
Registered providers are required to meet reporting, record-keeping and other related obligations. The rules are based on the services offered in India, meaning offshore incorporation or having no physical office in the country does not automatically exclude a provider from the regime.
The announcement does not set a shared deadline for compliance, record responses from the companies or provide platform-specific instructions for Indian customers. It also does not explain how access might be restored.
An app or website takedown request does not indicate that customer funds have been lost. However, users could face changes to login or withdrawal access if public routes to the platforms are restricted.
India’s previous enforcement action illustrates that implementation may vary. In December 2023, FIU-IND issued notices to nine offshore providers and sought URL blocking. The following month, tests found that some sites were inaccessible through certain browsers while others remained available.
For the latest group, the next indications will be whether intermediaries carry out the requested removals and whether the named providers announce registration plans, India-specific restrictions or arrangements for withdrawals. At present, the confirmed measures are the compliance notices and requests for apps and URLs to be taken down.
