Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
← back
Informative
25 Offshore Crypto Exchanges Stare At Ban Over PMLA Non-Compliance
Update / Judgement Date
02 Oct 2025
Source
Author
Sakshi Bhardwaj — WCP Legal Desk
Reading Time
1 min read
BankingFinancial PlanningMoney Laundering (PMLA)
The FIU has issued notices to 25 offshore crypto exchanges, including Paxful and LBank, for failing to comply with PMLA norms. Non-compliant platforms face bans from operating in India. The article explores regulatory challenges, jurisdiction issues, enforcement mechanisms, and implications for users. Exchanges may need stricter KYC/AML measures or local incorporation to continue operations.
