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India’s Financial Intelligence Unit to Block 9 Major Offshore Cryptocurrency Exchanges

India’s Financial Intelligence Unit (FIU IND) has issued a notice deeming nine major offshore cryptocurrency exchanges “illegal”. The agency, which is in charge of regulating all financial transactions in the world’s fifth-largest economy, cited a failure to comply with local Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) regulations as the reason for […]
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