India issues compliance ‘show cause’ notices to nine foreign exchanges, including Binance and KuCoin

The nine exchanges are Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. The government has also taken the first step to block URLs of “such companies operating illegally and not in compliance with the provisions of India’s PMLA”.