Is your crypto exchange FIU-IND registered? How to check
Crypto platforms that serve users in India must register with the Financial Intelligence Unit – India (FIU-IND) under the anti-money-laundering law. Here is why that matters, and how to check a platform in two minutes.
By the CryptoSignals team, Web3India Technology · Published 30 September 2026
Why FIU-IND registration matters
Since March 2023, virtual digital asset (VDA) service providers are covered by the Prevention of Money Laundering Act, 2002 (PMLA). Platforms that exchange crypto for rupees or other currencies, move crypto between wallets, or hold crypto for users must register with FIU-IND as a "reporting entity". This applies whether the company is in India or abroad. Registered platforms must verify customers (KYC), keep records, and report suspicious transactions.
Registration is a minimum, not a safety guarantee. A registered platform can still be hacked or fail. For example, WazirX was hacked in July 2024. Registration tells you the platform is inside Indian law, and that you have somewhere to complain.
How to check a platform, step by step
- Find the company's legal name. It is in the app's or website's Terms of Use, usually at the bottom of the page. The brand name and the company name are often different.
- Check the official source. FIU-IND publishes information on registered reporting entities at fiuindia.gov.in. Look for the company name there.
- Type the website address yourself. Do not click links from tips, ads or DMs. Scam sites copy real ones with one letter changed (for example
b1nanceinstead ofbinance). - Check the app's publisher in the Play Store or App Store. It should match the company, not an unknown developer.
- Use our checker. Is it real? shows the status we last checked for common exchanges. It also flags look-alike websites, new domains and fake "support" handles.
Platforms FIU-IND has acted against
- December 2023: notices to 9 offshore exchanges operating without registration (Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex). Some of them, such as Binance and KuCoin, registered later.
- 9 September 2026: notices under section 13 of PMLA to 15 platforms (Weex, BloFin, Rezorex, Bitunix, DigiFinex, Toobit, XT.com, LATOKEN, WOO X, Pionex, ChangeNOW, SimpleSwap, FixedFloat, WhiteBIT and Guardarian). FIU-IND also asked for their websites and apps to be taken down (All India Radio report).
- 49 crypto exchanges registered with FIU-IND during the 2024-25 financial year (reported).
Statuses change. A platform with a notice may register later, and a registered one may lose its registration. Always check the latest official information.
The "exchange support" scam
A very common trick: you post about a stuck withdrawal, and a "support agent" or "recovery expert" messages you on Telegram, Instagram or WhatsApp. Real exchanges do not give support through DMs, and they never ask for your password, seed phrase or a "release fee". Check any handle on Is it real? before you reply.