Offshore Crypto Exchanges Falls Under AML/CFT Guidelines

28 virtual digital assets and cryptocurrency service providers have been formally registered by India's Financial Intelligence Unit (FIU-IND).

MoF Announces Major Update for Offshore Crypto Exchanges

Offshore crypto exchanges catering to the Indian market are obligated to register with the Financial Intelligence Unit-India (FIU-IND).

Understanding the FIU-IND

FIU-IND stands as a cornerstone institution in India’s financial regulatory landscape, entrusted with mandate of monitoring financial transactions to combat financial crimes.

SunCrypto Listed as Reporting Entity under FIU-IND

Among the notable offshore crypto exchanges, SunCrypto has emerged as a commendable example by successfully registering itself as a reporting entity.


The recent mandate imposed by the Ministry of Finance signifies a pivotal stride towards bolstering transparency and accountability within India’s cryptocurrency landscape.