India orders takedown of 15 offshore crypto platforms over AML non-compliance

India ordered the shutdown of 15 offshore cryptocurrency platforms operating without FIU-IND registration and failing to comply with Prevention of Money Laundering Act (PMLA) requirements. For crypto builders: enforcement is real and offshore-first strategies don't work; builders must register with FIU-IND and embed AML workflows from day one—expect more takedowns if you ignore Indian compliance requirements.

Source: YourStory ↗