India’s Financial Intelligence Unit (FIU), a branch of the Ministry of Finance responsible for gathering financial intelligence related to offenses under the Prevention of Money Laundering Act, recently took action against several foreign cryptocurrency exchanges. These exchanges, including Binance, HTX, Kraken, Gate.io, KuCoin, Bitstamp, MEXC Global, Bittrex, and Bitfinex, were issued notices of noncompliance for