India to block URLs of 9 offshore platforms including Binance and Kraken

India’s Financial Intelligence Unit said, in part, Thursday that “nine offshore Virtual Digital Assets Service Providers, VDA SPs under Section 13 of the Prevention of Money Laundering Act, 2002, PMLA including Binance, Kraken, Kucoin and Mexc are operating illegally without complying with the provisions of PML Act in India. Virtual Digital Assets Service Providers, VDA SPs, were brought into the ambit of Anti Money Laundering/Counter Financing of Terrorism or AML-CFT framework under the provisions of the Prevention of Money Laundering Act PML Act, 2002 in March 2023.Director FIU IND has written to Secretary, Ministry of Electronics and Information Technology to block the URLs of said entities that are operating illegally without complying with the provisions of the PML Act in India.” Publicly traded companies in the space include: Coinbase (COIN) Bitcoin (BITCOIN), Ethereum (ETH), Litecoin (LTC), Bitcoin Investment Trust (GBTC), MicroStrategy (MSTR) Marathon Digital (MARA) Riot (RIOT) Platforms