The Indian government is intensifying its scrutiny of cryptocurrency exchanges, issuing notices to 25 platforms, including BingX, LBank, and CoinW, for failing to adhere to anti-money laundering regulations. The Financial Intelligence Unit India (FIU-IND) has mandated these exchanges to withdraw their applications and websites from public access in India. Despite this, many exchanges remain accessible. Collectively, the affected exchanges hold over $9 billion in assets and have recorded significant trading volumes. CEX.IO's head of financial crime stated they are seeking to align with regulatory requirements. This action follows the Indian finance ministry's earlier directive that virtual asset service providers must comply with the Prevention of Money Laundering Act. While some exchanges have registered with the FIU, others, like OKX, have exited the market. The regulatory landscape for cryptocurrencies in India continues to evolve as the government seeks to enforce compliance.