Big Action

India’s financial watchdog FIU-IND issued notices to 15 crypto platforms on September 9, 2026, in a major FIU-IND crypto crackdown. These platforms served Indian users without proper registration. The notices cited violations under the Prevention of Money Laundering Act. Officials ordered the platforms’ apps and websites to be blocked in India.

About FIU-IND

FIU-IND stands for Financial Intelligence Unit-India. This government body tracks illegal money movement across India. It works to stop money laundering and terror financing. The unit operates under India’s Finance Minister.

Platforms Named

The list includes Weex, Blofin, Bitunix, and DigiFinex. Toobit, XT.com, Latoken, and WOO X also appear. Pionex, ChangeNow, SimpleSwap, FixedFloat, WhiteBIT, Guardarian, and Rezorex complete the group of 15.

Rules Broken

Indian law requires every crypto platform to register with FIU-IND. Platforms must carefully verify each user’s identity. They must maintain detailed transaction records. They must report suspicious activity to authorities. These 15 platforms skipped registration entirely. They operated in India without following anti-money laundering rules.

What’s Next

Indian users may lose access to these platforms. FIU-IND blocked 25 similar platforms back in October 2025. The government continues warning citizens about crypto risks. Authorities plan further action against unregistered offshore platforms this year.