India’s Financial Intelligence Unit has taken enforcement action against 15 virtual digital asset service providers, issuing non-compliance notices under the Prevention of Money Laundering Act and ordering the takedown of their applications and URLs available to users in India.

The notices, announced on September 9, 2026, were issued under Section 13 of the PMLA. The platforms named are Weex, Blofin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, Latoken, WOO X, Pionex, ChangeNow, SimpleSwap, Fixedfloat, WhiteBIT and Guardarian.

Platforms and Compliance Requirements

Corresponding legal entities include Weex International Exchange LTD, BLF Global Limited, RezorEx, Bitunix LLC, DigiFinex Ltd, Hopeful Technology Co. Ltd., Fibtc Ltd/XT TECHNICAL PTE. LTD., LAtrade Ltd, Wootech Limited, Marketa Trading Inc., CHN Group LLC, SimpleSwap LTD, FFGX Group LLC, UAB Clear White Technologies and FinSeven CZ.

The Financial Intelligence Unit-India also directed internet intermediaries to restrict public access to the platforms’ apps and URLs. The takedown requests were made under Section 79(3)(b) of the Information Technology Act, 2000, read with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Amendment Rules, 2025.

Virtual digital asset service providers were brought under India’s anti-money laundering and counter-financing of terrorism framework in March 2023. Any platform offering services such as crypto-to-fiat exchange, digital asset transfers or custody to Indian users must register with FIU-IND as a reporting entity. The obligation applies irrespective of whether the provider maintains a physical presence or legal entity in India.

Registered entities are required to conduct customer verification, maintain records and report suspicious transactions.

Previous Enforcement and Broader Context

The latest step follows earlier actions against larger offshore exchanges. In December 2023, FIU-IND issued show-cause notices to nine platforms, including Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex. Access to several of those services was later restricted in India.

Binance subsequently registered with FIU-IND after paying a penalty of 188.2 million rupees, equivalent to approximately 2.25 million US dollars at the time. KuCoin and Bybit also completed registration processes after addressing non-compliance findings and paying penalties.

The current notices target smaller and medium-sized operators, including exchanges and platforms that facilitate swaps and other digital asset transactions. No financial penalties were announced alongside the latest non-compliance and takedown notices.

The action comes amid continued official attention to offshore crypto activity by Indian users. Reports have described some individuals converting stablecoins such as USDT into overseas gift cards that can be redeemed for goods in India, including groceries, fuel and gold. Authorities have also expanded tax reporting rules covering specified crypto assets and related digital products.

Crypto gains in India are subject to a 30 percent tax, with a 1 percent tax deducted at source applying to qualifying virtual digital asset transactions. The regulatory approach combines taxation of transactions with mandatory registration and reporting obligations for platforms serving the domestic market.