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The affected crypto businesses include Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.

It also told the information technology ministry to block their URLs for operating illegally in the country without complying with the local money laundering laws.

Apart from Binance and Kucoin, the other virtual digital assets service providers (VDA SP) who have been issued notice for not registering as reporting entities with the FIU-India are Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.

In a release, the government said the body has issued "compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)".

The FIU has also written to the Ministry of Electronics and Information Technology to block the URLs of these nine entities including Binance that are operating illegally without complying with the provisions of the PML Act in India.

Terrorism facilitation among cryptocurrency exchanges has become a sensitive topic in the crypto scene after Binance and former CEO Changpeng Zhao (CZ) capitulated to the US Department of Justice (DoJ).

The FIU under the Finance Ministry has issued show cause notices to nine offshore cryptocurrency platforms for non-compliance with anti-money launderi

The income tax department has urged taxpayers to respond promptly to the advisory and provide feedback online through the Compliance Portal of the I-T department

Amid social media posts regarding communication from the I-T department regarding mismatch in TDS/TCS deductions and ITR filing data, the income tax department said such communication is to facilitate the taxpayers and make them aware of the information available with the I-T department regarding the transactions reported by the Reporting Entities during the year.

Extractive Sector Transparency Measures Act - Annual Report Reporting Entity Name ...