India Crypto Regulation Timeline

Key dates for the anti-money-laundering regime for VDA service providers in India.

1. 7 Mar 2023Rules

   VDA SPs Become Reporting Entities

   Government notification brings VDA service providers under the PMLA; they must register with FIU-IND.

   Source: Lok Sabha official

2. 10 Mar 2023Rules

   FIU-IND AML/CFT Guidelines for VDA SPs

   First FIU-IND guidelines for reporting entities providing VDA services.

   Source: FIU-IND official

3. 4 Jul 2023Rules

   AML & Registration of Virtual Digital Asset Service Providers in FIU-IND as Reporting Entity

   FIU-IND document for VDA service providers.

   Source: FIU-IND official

4. 17 Oct 2023Rules

   Revision of Circular for Registration of Virtual Digital Asset Service Providers in FIU-IND as Reporting Entity

   FIU-IND document for VDA service providers.

   Source: FIU-IND official

5. 28 Dec 2023FIU-IND

   Show-Cause Notices to Nine Offshore VDA SPs

   Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex; FIU-IND asks the IT ministry to block their URLs.

   Source: PIB official

6. 22 Mar 2024FIU-IND

   KuCoin Fined ₹34.5 Lakh

   FIU-IND order against Peken Global Limited under Section 13 PMLA.

   Source: FIU-IND official

7. 19 Jun 2024FIU-IND

   Binance Fined ₹18.82 Crore

   FIU-IND order under Section 13 PMLA.

   Source: FIU-IND official

8. 20 Jan 2025Rules

   2nd Revision of Circular for Registration of Virtual Digital Asset Service Providers in FIU-IND as Reporting Entity

   FIU-IND document for VDA service providers.

   Source: FIU-IND official

9. 31 Jan 2025FIU-IND

   Bybit Fined ₹9.27 Crore

   FIU-IND order against Bybit Fintech Limited under Section 13 PMLA.

   Source: FIU-IND, PIB official

10. 6 Mar 2025FIU-IND

    Coinbase Warned

    FIU-IND issues a warning to Coinbase India Private Limited and Coinbase Inc.; the order says Coinbase India had ceased operations in India.

    Source: FIU-IND official

11. 15 Sep 2025Rules

    3rd Revision of Circular for Registration of Virtual Digital Asset Service Providers in FIU-IND as Reporting Entity

    FIU-IND document for VDA service providers.

    Source: FIU-IND official

12. 8 Jan 2026Rules

    AML & CFT Guidelines for Reporting Entities Providing Services Related to Virtual Digital Assets

    FIU-IND document for VDA service providers.

    Source: FIU-IND official

13. 30 Mar 2026Parliament

    54 Registered VDA SPs and 53 Takedowns Disclosed

    Written answer to Lok Sabha Unstarred Question No. 5805, with the registered list (as on 9 March 2026) and the takedown list.

    Source: Lok Sabha official