As cryptocurrency adoption in India rises, regulatory clarity has become increasingly essential for both users and platforms. To protect investors and enforce financial discipline, the government has brought crypto exchanges under the Prevention of Money Laundering Act (PMLA), making it mandatory for exchanges to register with the Financial Intelligence Unit (FIU-IND).
In this article, we will explore what the FIU registered crypto exchange list is, why it matters for Indian investors, which exchanges are currently on the list, and how to verify if a platform is compliant.
What Is the FIU Registered Crypto Exchange List?
The FIU registered crypto exchange list is a directory of virtual digital asset service providers (VDA-SPs) that have registered with the Financial Intelligence Unit – India (FIU-IND) under the PMLA.
FIU-IND is a government agency responsible for collecting, analyzing, and disseminating financial intelligence related to suspected illicit activities, including money laundering and terrorist financing. Since March 2023, all crypto exchanges operating in India or serving Indian users are required to register with the FIU and comply with KYC, AML, and reporting obligations.
This list ensures that platforms dealing with crypto in India operate within a transparent and regulated framework. For investors, the FIU-registered crypto exchange list acts as a safety net, distinguishing compliant platforms from unregulated or potentially risky ones.
Why FIU Registration Matters for Indian Crypto Exchanges
FIU registration is more than a formality; it brings crypto exchanges under the legal and compliance umbrella of Indian financial law. Here’s why it matters:
- Legal recognition: FIU registration confirms that the exchange operates under Indian jurisdiction and abides by local laws.
- User protection: It enforces protocols like AML checks, KYC verification, and suspicious transaction reporting.
- Transparency: Registered exchanges must maintain audit trails and be prepared for regulatory scrutiny.
- Government oversight: This reduces the misuse of crypto assets for illegal activities, improving trust in the system.
For Indian investors, checking whether a platform is on the FIU-registered crypto exchange list should be the first step before onboarding or trading.
Criteria for FIU Registration in India
To appear on the FIU registered crypto exchange list, a platform must:
- Register under the PMLA as a reporting entity.
- Comply with KYC norms, including user identity verification and address proof collection.
- Implement AML policies and monitor transactions for suspicious activity.
- Report prescribed transactions, such as large or unusual trades, to FIU-IND.
- Maintain records and ensure secure data storage and retrieval.
- Respond to FIU notices and audits within prescribed timelines.
Platforms failing to meet these requirements may be excluded from the list or subject to penalties and bans.
Official FIU Registered Crypto Exchange List in India (As of 2025)
As of mid-2025, here are the key crypto exchanges that have completed registration and are listed on the FIU-registered crypto exchange list:
Indian-Based FIU-Registered Exchanges:
1. CoinDCX
One of India’s largest cryptocurrency platforms, CoinDCX, offers a user-friendly app that supports over 200 cryptocurrencies. It provides INR deposit options, robust security features, and tax-compliant reporting tools.
2. WazirX
Backed by Binance, WazirX is a well-established exchange that offers seamless INR-crypto trading and over 250 assets. It supports UPI deposits, P2P trading, and linking to Binance accounts.
3. CoinSwitch
CoinSwitch is an intuitive mobile-first exchange ideal for beginners, supporting easy INR-based crypto purchases. It emphasizes a simplified user experience and has strong investor backing.
4. ZebPay
One of India’s earliest crypto exchanges, ZebPay, offers a secure platform with low trading fees and wallet services. It supports multi-crypto trading and features a built-in lending service.
5. Bitbns
Bitbns supports a wide range of altcoins and advanced trading options, including SIP in crypto. It offers features such as fixed-income plans and margin trading, tailored to Indian users.
6. Giottus
Giottus is recognized for its robust regional language support and high-speed INR deposits and withdrawals. It provides a beginner-friendly interface with support for spot trading and stablecoins.
7. BuyUcoin
BuyUcoin offers trading in over 130 digital assets along with crypto staking options. It’s a compliance-focused platform with transparent fee structures and wallet services.
8. Unocoin
Focused mainly on Bitcoin, Unocoin enables crypto trading and SIPs for long-term investors. It also offers integration with merchants for BTC payments in India.
9. Flitpay
Flitpay is a rising exchange that offers zero trading fees on select pairs and instant INR transactions. It includes a secure wallet and a quick KYC verification process.
These platforms have confirmed registration and compliance under FIU-IND. They actively serve Indian users with INR deposit and withdrawal options, adhering to local tax and reporting laws.
How to Verify if an Exchange Is on the FIU Registered Crypto Exchange List
If you’re unsure whether a crypto platform is compliant, follow these steps:
Steps to Verify:
- Visit the FIU-IND official website: Although the complete list may not be publicly hosted in a single location, press releases and official notices often identify compliant exchanges.
- Check the exchange’s legal and compliance section: Most registered platforms mention their FIU registration status.
- Look for a registration number or certificate: Some platforms display this in their terms or legal disclaimers.
- Refer to the Ministry of Finance or PIB press releases for periodic updates, which list compliant and non-compliant entities.
If the platform does not appear in any official documentation or is absent from public FIU-IND references, it is likely not on the FIU-registered crypto exchange list.
Risks of Using Non-FIU Registered Exchanges in India
Trading on platforms not listed in the FIU-registered crypto exchange list comes with multiple risks:
- Legal Risk: You may unknowingly violate Indian financial regulations.
- No User Protection: Disputes, theft, or losses may go unresolved due to a lack of jurisdiction.
- Account Freezing: Authorities may block access to wallets on non-compliant platforms.
- Tax Issues: Unregistered platforms may not provide accurate transaction reports for tax filing purposes.
In 2024, the FIU issued show-cause notices and blocked URLs of non-compliant platforms, warning Indian users not to use them. For long-term participation, it’s safer to stick to platforms on the FIU-registered crypto exchange list.
Benefits of Using an FIU-registered Crypto Exchange
Using a registered exchange offers several advantages beyond legal compliance:
Key Benefits:
- Trusted Operations: FIU-registered platforms operate within a regulated framework.
- KYC-Verified Users: This deters illegal activities and fosters user trust.
- Regulatory Transparency: Users get updates on tax, TDS, and compliance matters.
- Better Support & Dispute Resolution: Registered exchanges are accountable under Indian law.
- Tax Compliant Reports: Useful for filing ITR and calculating capital gains.
Ultimately, using platforms on the FIU-registered crypto exchange list gives users a secure and legal foundation for trading and holding digital assets in India.
Conclusion: Make the FIU Registered Crypto Exchange List Your First Checkpoint
As the Indian crypto landscape matures, regulation is no longer optional; it’s the foundation of a safe and sustainable ecosystem. Whether you’re a beginner or an experienced investor, always verify if a platform is listed on the FIU-registered crypto exchange list before trading.
This simple step ensures that your crypto journey remains within the boundaries of Indian law, protects your funds, and gives you peace of mind in a fast-changing market. Stick to verified platforms, follow compliance, and contribute to the responsible growth of India’s digital asset space.
