The Indian authorities has issued compliance present trigger notices to 9 offshore crypto exchanges beneath its Prevention of Money Laundering Act (PMLA), it announced on Thursday.

The notices had been issued by India’s Financial Intelligence Unit (FIU) which falls beneath the nation’s Finance Ministry.

Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the 9 exchanges. The authorities has additionally taken the primary steps to dam the URLs of “said entities that are operating illegally without complying with the provisions of the PMLA in India.”

The authorities did not present a particular timeframe or the results of not adhering to the discover as there aren’t any crypto-specific precedents for such motion within the nation.

The motion appeared imminent after the federal government’s written declaration from earlier this month that as many as 28 home crypto service suppliers registered themselves with the FIU. That quantity has already gone as much as 31.

In March, India’s Finance Ministry mandated that crypto companies should register with the FIU, the nation’s anti-money laundering unit, and adjust to different processes beneath the PMLA. This meant crypto companies grew to become legally obligated to carry out verification processes corresponding to Know Your Customer (KYC).

“The obligation is activity-based and is not contingent on physical presence in India,” the FIU stated. “However, several offshore entities though catering to a substantial part of Indian users were not getting registered and coming under the Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework.”