The Financial Intelligence Unit of India has announced the blocking of the websites of nine offshore crypto exchanges, including Binance, KuCoin, and Bitfinex, for alleged money laundering. The Indian government's decision followed a request from the local crypto and Web3 association's advocacy body. The move has sparked discussions and legal analysis within the crypto community.
SCOOP: The Indian government's decision to initiate the blocking of URLs of 9 offshore exchanges and issue them "show cause" notices came after an official request from the local crypto and Web3 association's advocacy body @BWA_Ind. By @amitoj https://t.co/lAhtTDruHh
I've been diving into the fiery discussions in Crypto Twitter about the recent FIU notice to 9 offshore crypto exchanges As a lawyer with a fair bit of experience working with crypto exchanges & the FIU let me separate the noise from the facts. 🧵⬇️ https://t.co/lyFtTCWVRt
As always, my @a16zcrypto colleague @milesjennings brings tremendous intellectual clarity and reason to the crypto legal news: https://t.co/BUUzSdQCyr
India now warning Bitfinex and other exchanges for laundering money. https://t.co/i1RoiHoHyL
Financial Intelligence Unit will block the website of binance kucoin mexc gate huobi kraken bitfinex bitstamp and bittrex across all of India https://t.co/L9yxoziWdj https://t.co/j5cq1h2TgY