India, Dec. 28 -- India's Financial Intelligence Unit has issued show cause notices to nine offshore crypto-currency operators, including Binance, for not complying with the anti-money laundering PML Act.

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

They are: Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.

The FIU has written to the Ministry of Electronics and Information Technology to block the URLs of these nine entities as they have been "operating illegally without complying with the provisions of PML Act in India."

Virtual Digital Assets Service Providers (VDA SPs) were brought into ...