<h1>India FIU Targets Offshore Crypto Platforms for PMLA Non-Compliance; Requests URL Block for Binance, Kraken, Others.</h1> The Financial Intelligence Unit India (FIU IND) has issued compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) for operating illegally without adhering to the Prevention of Money Laundering Act (PMLA) provisions. These entities include prominent names like Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. FIU IND has requested the Ministry of Electronics and Information Technology to block the URLs of these entities. VDA SPs must register with FIU IND and comply with the PMLA, regardless of their physical presence in India, to legally operate and serve Indian users.