Safety guide
Is your crypto exchange FIU-registered?
Crypto exchanges serving Indian users must register with the Financial Intelligence Unit (FIU-IND) under anti-money-laundering law. Using a registered exchange is the simplest safety check you can do.
Why it matters
- Registered exchanges must verify identity, monitor transactions and report suspicious activity under the Prevention of Money Laundering Act.
- They deduct TDS and report your trades, which makes your ITR easier and avoids mismatches.
- Unregistered platforms can be blocked in India, which can make it hard to access your money.
SourceFinowings, FIU-registered apps, TechCrunch.
Where things stand
According to FIU-IND's annual report, 49 crypto service providers were registered as of March 2025: 45 based in India and 4 offshore. FIU-IND has penalised non-compliant platforms and in October 2025 issued notices to 25 offshore exchanges, including BingX, LBank, CoinW and Poloniex, for failing to register. Some large global exchanges, such as Binance, Coinbase and KuCoin, registered in order to keep serving Indian users.
SourceOutlook Business, FIU report, TechCrunch.
How to check an exchange
- Look for an FIU-IND registration mention on the exchange's website footer, terms or app store listing.
- Search for the exchange name alongside "FIU-IND" in recent news from reputable outlets.
- Check FIU-IND press releases for exchanges that have been warned or blocked.
- If in doubt, don't deposit. There is no single public list published by FIU-IND, so be wary of any site claiming to be "the official list".
SourceFinowings, FIU-registered apps, FIU-IND.
Registration is a compliance check, not a guarantee. It doesn't mean the government endorses the exchange or protects your deposits. Never keep more on any exchange than you can afford to lose.
Exchanges we may link to
These are examples of exchanges that publicly state they are FIU-registered. Listing them is not a recommendation to buy, sell or trade crypto. If you sign up through these links we may earn a commission, at no cost to you.
Frequently asked questions
What does FIU-registered mean for a crypto exchange?
The exchange is registered with the Financial Intelligence Unit (FIU-IND) as a reporting entity under the Prevention of Money Laundering Act. It must verify users, monitor transactions and report suspicious activity.
How many crypto exchanges are FIU-registered in India?
49 as of March 2025, according to FIU-IND's annual report: 45 based in India and 4 offshore.
Is Binance registered with FIU-IND?
TechCrunch reported that Binance, Coinbase and KuCoin registered with FIU-IND to resume serving Indian users. Check the exchange's current status before depositing.
Does FIU registration protect my money?
No. Registration is a compliance check. It is not a government guarantee and does not protect deposits.
Sources
We check our explanations against these. Credit to the original publishers.