India cracks down on 25 crypto exchanges including BingX, LBank, CoinW over compliance failures

Offshore crypto platforms with billions of dollars in assets are in the Indian government’s crosshairs, as the government’s financial watchdog moves against 25 exchanges for failing to register and comply with anti-money laundering obligations. The Financial Intelligence Unit India (FIU-IND) issued notices to 25 crypto exchanges — including BingX, LBank, CoinW, ProBit Global, BTCC, AscendEX, Zoomex, and Poloniex — for failing to comply with the country’s anti-money laundering rules, the Indian finance mi ...