India, Oct. 1 -- The government has issued notices for non-compliance to 25 offshore virtual digital asset (VDA) service providers, including CoinW of Singapore, BTCC of the UK, Changelly of Hong Kong, and Paxful of the US under the Prevention of Money Laundering Act (PMLA), the union finance ministry said in a statement.

The government has also issued notices to these entities with respect to takedown of the application/URLs for public access, which have been found to be operating illegally without complying with the relevant provisions of the PMLA in India, it said on Wednesday.

As part of recent compliance action against such entities, the Financial Intelligence Unit-India (FIU-IND) has issued notices for non-compliance to the 25 off...