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This article talks about the notice issued to offshore crypto exchanges in India for not following local laws and what it means for investors.

The Financial Intelligence Unit of India (FIU-India) has issued a notice to 25 offshore crypto exchanges. These exchanges have not registered in India and are not complying with the Money Laundering Act of 2002.

Some of the exchanges mentioned include Huione, Paxful, and CEX.IO, along with others like Coinex, Bitmex, Bitrue, and Coincola. This is the second time FIU-India has taken such action; a similar notice was sent two years ago to nine major offshore exchanges like Binance and Kucoin.

The Finance Ministry has announced that the government plans to remove the apps and websites of these companies from public access. Companies

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