Two more offshore crypto bourses may get nod to resume India operations

The Financial Intelligence Unit-India (FIU-India) may grant clearance to two more offshore crypto exchanges to resume operations in India by March next year, following its nod to Binance and KuCoin.

The intelligence unit, which deals with anti-money laundering compliance, is reportedly reviewing requests from four crypto exchanges previously banned for non-compliance with anti-money laundering laws in the country.