FIU Registered Crypto Exchanges in India: 2026 List

Last updated: 2026

Verification table checked: 17 July 2026

Author: EDITORIAL TEAM

Affiliate disclosure: This article may contain affiliate links. We may receive a commission when a reader opens an account through one of these links, without increasing the reader’s cost. Commercial relationships do not determine whether an exchange appears in the compliance table and do not affect our explanation of FIU-IND registration.

Important risk notice: Crypto assets and NFTs remain highly speculative and can be extremely volatile. FIU-IND registration does not insure deposits, guarantee withdrawals, confirm platform solvency or protect users from market losses, hacking, fraud or operational failure. This guide is general information, not investment, legal or tax advice.

Quick Answer

A crypto exchange described as FIU-IND registered has registered as a reporting entity under India’s anti-money-laundering framework. It is expected to conduct customer verification, maintain transaction records, monitor suspicious activity and provide required reports to the Financial Intelligence Unit–India.

That does not mean the exchange has received a government investment licence, RBI approval, SEBI approval, deposit insurance or an official guarantee that customer funds are safe.

The latest government count that we could verify publicly stated that 50 Virtual Digital Asset Service Providers had registered with FIU-IND as of 1 October 2025. FIU-IND also continued publishing updated VDA compliance guidance in January 2026. However, the FIU website does not currently provide ordinary users with a simple, continuously updated comparison page containing every consumer brand, operating company and registration status. Readers should therefore verify the legal entity behind an exchange instead of relying only on a logo or marketing badge.

Major platforms currently stating that they are FIU-IND registered include CoinDCX, CoinSwitch, Mudrex, ZebPay, WazirX, Giottus, Unocoin, Bybit and Coinbase. This is a dated reference list rather than a permanent government-approved ranking. Registration status, legal entities, banking access and platform availability can change.

What Is FIU-IND?

The Financial Intelligence Unit–India is the national agency responsible for receiving, processing, analysing and sharing information connected with suspicious financial transactions. It works within India’s anti-money-laundering and counter-terrorist-financing system.

Crypto exchanges and other businesses providing specified Virtual Digital Asset services were brought within the Prevention of Money Laundering Act framework in March 2023. The requirements apply to relevant businesses serving Indian users, including offshore providers, and do not depend only on whether a company maintains a physical office in India.

Activities that can bring a platform within this framework include:

Exchanging cryptocurrency for INR or another fiat currency.
Exchanging one virtual digital asset for another.
Transferring virtual digital assets for customers.
Safeguarding or administering crypto assets or tools that control them.
Providing certain financial services connected with the offer or sale of a virtual digital asset.

A platform falling within the relevant definitions is expected to register as a reporting entity and comply with obligations imposed under the PMLA and related rules.

What FIU Registration Means for an Indian Crypto User

FIU registration primarily tells you that a legal entity has entered India’s AML and financial-intelligence reporting framework.

A registered VDA service provider is generally expected to:

Identify and verify customers through KYC procedures.
Check the identity of beneficial owners where accounts are operated for companies or other legal entities.
Monitor transactions for unusual or potentially suspicious patterns.
Maintain specified customer and transaction records.
Report suspicious transactions and other prescribed information.
Appoint responsible compliance personnel.
Respond to lawful information requests from FIU-IND and other authorities.
Apply sanctions screening, enhanced due diligence and risk-based monitoring where required.
Maintain controls for transfers between custodial exchanges and external wallets.
Update its policies when FIU-IND issues revised AML or registration guidance.

The official FIU downloads page shows that its VDA AML and CFT guidelines were updated on 8 January 2026 and that the registration circular for VDA service providers had reached a third revision dated 15 September 2025. This is a reminder that compliance is an ongoing responsibility rather than a one-time form submitted by an exchange.

FIU Registration Is Not Government Endorsement

This is the most important distinction on this page.

An exchange can accurately state that it is registered with FIU-IND while still presenting market, custody, liquidity, cyber-security and operational risks. Registration covers particular compliance obligations. It does not provide a complete assessment of the company.

FIU registration may confirm	FIU registration does not confirm
The entity has entered the PMLA reporting framework	The government recommends the exchange
KYC and customer-due-diligence duties apply	Customer balances are fully backed
Transaction monitoring and recordkeeping duties apply	The exchange cannot be hacked
Suspicious transactions must be reported	Withdrawals will always arrive on time
The entity can be held accountable for AML failures	The platform will never become insolvent
A compliance structure should exist	Every listed token is suitable or legitimate
The entity is identifiable to FIU-IND	Crypto is legal tender in India
The platform may support Indian tax reporting	Every user’s tax return will be automatically correct
Regulatory enforcement can be applied for violations	Customer deposits have bank-style insurance
The entity must follow relevant AML guidance	The exchange has RBI or SEBI approval

FIU-IND does not perform the same role for crypto exchanges that RBI performs for banks or that SEBI performs for registered securities intermediaries.

A phrase such as “FIU registered crypto exchange” should therefore be read as:

The identified operating entity is registered for India’s AML and financial-intelligence reporting obligations.

It should not be interpreted as:

The Indian government guarantees this platform, its products or its customer balances.

The Government of India has expressly warned that crypto products and NFTs are unregulated and highly risky and that regulatory recourse may not be available for losses from these transactions.

FIU Registered Crypto Exchanges in India: Dated 2026 Verification Table

The table below covers major consumer platforms for which we located a current or reasonably recent registration statement on the platform’s own legal, compliance or corporate pages.

It is not the complete FIU register. A platform’s own statement is useful evidence, but readers should still match the consumer brand with its operating legal entity and check for newer government notices before depositing money.

Platform	FIU evidence reviewed	Status shown in reviewed material	What users should still check
CoinDCX	Current CoinDCX material states that it operates as an FIU-IND registered reporting entity	Platform states registered	Current legal entity, withdrawal rules, custody disclosures and latest security notices
CoinSwitch	Its current AML policy identifies Bitcipher Labs LLP, operating CoinSwitch, as an FIU-IND reporting entity	Platform states registered	Which CoinSwitch group entity provides the selected service and whether external-wallet transfers are supported
Mudrex	Current Mudrex material displays FIU registration and describes PMLA compliance	Platform states registered	Legal operating entity, product-specific risks, withdrawal fees and whether a product is spot or derivatives-based
ZebPay	Current ZebPay India material states FIU-IND registration and PMLA compliance	Platform states registered	Entity named in the user agreement, custody terms, membership fees and withdrawal restrictions
WazirX	Current WazirX corporate material describes the operating entity as FIU-IND registered	Platform states registered	Current operating structure, restructuring updates, withdrawal availability and incident-recovery disclosures
Giottus	The current Giottus website displays FIU registration and identifies Giottus Technologies Pvt Ltd	Platform states registered	Trading liquidity, withdrawal limits, supported banking methods and custody arrangements
Unocoin	Current 2026 Unocoin educational material describes Unocoin as an FIU-IND registered entity	Platform states registered	Legal terms, fee schedule, INR processing and available asset pairs
Bybit	Bybit announced registration with FIU-IND in February 2025 after settling its earlier compliance matter	Platform states registered	Which Indian services are currently available, TDS handling, product restrictions and legal entity
Coinbase	Coinbase announced FIU-IND registration and direct INR services in May 2026	Platform states registered	Rollout availability, Indian operating entity, IMPS limits, derivatives eligibility and tax records

CoinDCX currently describes itself as an FIU-IND reporting entity. CoinSwitch’s AML policy states that Bitcipher Labs LLP, operating under the CoinSwitch brand, is registered with FIU-IND. Mudrex displays FIU registration in its current product material.

ZebPay’s India-facing material identifies the platform as FIU registered, while WazirX’s current corporate page describes it as a registered entity. Giottus also displays an FIU registration statement on its current website.

Unocoin’s 2026 material states that it is registered and compliant. Bybit announced successful registration on 6 February 2025 after resolving its prior penalty, and Coinbase announced its FIU registration and direct INR access on 31 May 2026.

Why the Table Says “Platform States Registered”

A safe verification table should distinguish between three different forms of evidence:

A current government record naming the exact legal entity.
A current statement in the exchange’s own legal or AML documentation.
A marketing badge displayed on an app or landing page.

The first is the strongest evidence. The second is useful because a formal legal policy is more accountable than an anonymous comparison article. The third is the weakest because a badge can remain online after company details or regulatory circumstances change.

At the time of this update, FIU-IND’s public website offered registration circulars, AML guidance, annual reports, compliance orders and enforcement notices. We did not find a consumer-friendly live database that allowed visitors to search every exchange brand and instantly view its current registration standing.

That limitation is precisely why users should record the legal entity and date of every check.

How to Verify Whether a Crypto Exchange Is FIU Registered

Do not begin with the brand name displayed in an app store. Begin with the company that legally operates the service.

Step 1: Find the Exchange’s Legal Entity

Open the exchange’s official website and examine:

Terms of use.
User agreement.
AML or KYC policy.
Privacy policy.
Corporate information.
Contact page.
App-store developer information.

Look for wording such as:

“This platform is operated by…”
“Services are provided by…”
“The contracting entity is…”
“Registered office…”
“Reporting Entity under PMLA…”

Write down the complete legal name, including terms such as Private Limited, LLP, Pte Ltd or Limited.

This step matters because a brand can use more than one company for different services. Spot trading, derivatives, custody, wallet services and INR payments may not always be offered by the same group entity.

Step 2: Read the Current AML Policy

Search the platform’s official website for “AML policy,” “PMLA,” “FIU-IND” or “reporting entity.”

A useful policy should do more than show a registration logo. It should identify:

The legal entity covered by the policy.
Applicable AML and KYC legislation.
Customer identification requirements.
Transaction-monitoring obligations.
Enhanced due-diligence procedures.
Record-retention practices.
Sanctions-screening controls.
Information-sharing obligations.
Treatment of external or unhosted wallets.
The date on which the policy was last updated.

A registration statement in an old blog post is less reliable than a recently updated legal policy covering the service you are about to use.

Step 3: Check Official FIU-IND Publications

Go directly to the official FIU-IND government website. Avoid sponsored search advertisements, copied government pages and links sent through private messages.

Review the sections covering:

VDA service-provider registration circulars.
AML and CFT guidelines for VDA reporting entities.
Annual reports.
Compliance orders.
Press releases.
Enforcement actions.
Archived notices.

FIU-IND’s public materials can confirm the framework, changes to registration requirements and action taken against non-compliant providers. The public site also warns that FIU-IND does not seek personal information directly from individuals, which is useful when identifying impersonation scams.

Step 4: Search Government Enforcement Notices

A platform may have registered after receiving a notice or penalty. That does not necessarily mean its registration claim is false, but the history matters.

For example, Bybit was penalised in January 2025 for operating without securing mandatory registration. Bybit then announced in February 2025 that it had completed registration and resolved the prior regulatory matter. Reading only the penalty notice would give an incomplete picture, while reading only the later marketing announcement would hide the earlier non-compliance.

Search by both:

Brand name.
Full legal entity.
Former legal entity names.
Parent company.
Related Indian subsidiary.

Step 5: Ask the Exchange for Registration Details

Contact support through the exchange’s official app or website and ask:

Which legal entity provides services to Indian users, and under which legal entity is your FIU-IND reporting-entity registration held?

Ask for:

The legal entity name.
The applicable FIU registration reference, where available.
The date of registration.
The entity named in the user agreement.
Whether all products are covered by the same entity.
Whether an offshore affiliate processes any part of the service.

Do not rely on a support agent replying only with “Yes, we are FIU registered.” The response should identify the entity.

Step 6: Compare the Answer with the User Agreement

The company named by support should match the entity in the contract you accept when opening the account.

A mismatch may have an innocent explanation, such as a group restructure, but it deserves clarification before you transfer money.

Step 7: Look for Recent Contradictory Information

Search for recent credible reports concerning:

FIU notices.
URL or app restrictions.
Penalties.
Withdrawal suspensions.
Security incidents.
Insolvency proceedings.
Restructuring.
Change of ownership.
Change of operating company.
Removal of INR support.
New limits on deposits or withdrawals.

Do not treat an app-store listing as proof that every regulatory or operational issue has been resolved.

Step 8: Save the Date of Your Check

Registration information is not permanent.

Save a note containing:

Platform.
Legal entity.
Evidence located.
Date checked.
Relevant policy update date.
Support ticket number.
Screenshot or PDF copy.

Repeat the check periodically when substantial funds remain on the platform.

Why FIU Registration Matters

Although registration is not a government endorsement, it is still a meaningful compliance signal.

The Platform Is Identifiable

An FIU-registered exchange has provided identifying and compliance information within the reporting framework. Authorities have a defined legal entity and designated compliance contacts rather than only an anonymous website.

KYC Is Mandatory

Registered exchanges should not offer unrestricted anonymous accounts to Indian users. Expect PAN verification and additional identity checks. The updated FIU VDA guidance published in January 2026 strengthened the compliance expectations applying to reporting entities.

A platform advertising completely anonymous trading, unlimited withdrawals and no identity checks should be treated cautiously, especially when it claims to serve Indian residents.

Suspicious Transactions Must Be Monitored

Registered reporting entities are required to establish systems for monitoring suspicious patterns. This can include unusual transfers, rapid movement between wallets, attempts to conceal beneficial ownership or activity inconsistent with a customer’s stated profile.

This does not mean every withdrawal delay is evidence of wrongdoing. Automated monitoring can also create false positives that require manual review.

Records Must Be Maintained

A compliant platform should retain customer and transaction information for prescribed periods. This creates an auditable record when lawful investigations or tax checks occur.

Enforcement Becomes Possible

FIU-IND can investigate failures and take action under the PMLA. Government enforcement has included notices, penalties and requests to restrict access to non-compliant offshore services. In October 2025, FIU-IND issued non-compliance notices concerning 25 offshore VDA providers and stated that 50 VDA service providers had registered by that date.

What FIU Registration Does Not Protect You From

Exchange Hacks

Registration does not test every wallet, server, API, smart contract or employee security process. A registered platform can still experience a cyber-attack.

Insolvency

FIU registration is not a continuous solvency audit. It does not confirm that all customer assets are held one-for-one or that the exchange can satisfy every withdrawal request during a crisis.

Market Losses

Bitcoin, Ether, stablecoins and smaller tokens can fall sharply. Registration does not reduce price volatility.

Token-Specific Risk

A registered exchange may list speculative assets. Registration of the exchange does not mean FIU-IND has approved each token.

Fraud by Other Users

P2P markets can expose users to disputed bank transfers, stolen funds, chargeback attempts, mule accounts and account-freeze risks.

Delayed Withdrawals

Banking maintenance, blockchain congestion, security reviews, KYC checks and internal liquidity controls can delay withdrawals.

Tax Errors

An exchange may provide transaction reports and deduct TDS, but users remain responsible for reviewing their tax position. Cost-basis calculations, transfers between wallets, gifts, staking income, business activity and derivatives may require professional advice.

Phishing and Fake Apps

Scammers regularly create copied exchange websites, fake support accounts and malicious APK files. A real exchange’s FIU registration does not protect someone who sends assets to an impersonator.

FIU Registration and Crypto Tax in India

FIU registration and tax compliance are connected but separate.

For returns governed by the Income Tax Act, 1961, income from the transfer of virtual digital assets is subject to a special 30% rate, plus applicable surcharge and cess. The Income Tax Department also provides Schedule VDA in relevant income-tax return forms for transaction-level disclosure.

A 1% TDS mechanism also applies to qualifying VDA transfers, subject to the applicable statutory rules and thresholds.

Important 2026 Transition

The Income Tax Act, 2025 took effect from 1 April 2026. Transactions and tax years beginning before that date continue to be governed by the previous legislation where applicable, while events occurring from 1 April 2026 fall within the new Act’s framework.

The Income Tax Department states that the substantive TDS rates and thresholds were retained during this transition, although section references and filing forms changed. For VDA transactions occurring on or before 31 March 2026, the earlier Section 194S and Form 26QE framework remains relevant. Transactions from 1 April 2026 are handled under the corresponding provisions and forms of the new Act.

Because two legislative frameworks may appear in 2026 documentation, readers should not assume that an article using “Section 194S” is necessarily describing the current statutory numbering for every post-April transaction.

Does an FIU Exchange Automatically Deduct TDS?

Many India-facing exchanges automatically calculate or withhold TDS on applicable transactions. However, users should verify:

Whether TDS applies to spot sells.
How crypto-to-crypto trades are handled.
Whether the exchange provides downloadable TDS records.
Whether deducted amounts appear correctly in tax records.
How external deposits affect cost basis.
Whether derivatives are treated differently from direct VDA transfers.
Whether rewards, staking or referral income require separate treatment.

Do not assume that using a registered exchange completes your income-tax return automatically.

Can Crypto Losses Be Offset?

The special VDA tax framework restricts the deduction and set-off of losses. The exact result depends on the transaction and applicable tax year.

Keep separate records for every asset and consult a qualified Chartered Accountant for:

Loss-making trades.
Transfers between your own wallets.
Crypto-to-crypto swaps.
Airdrops.
Mining.
Staking.
Gifts.
Salary paid in crypto.
Business trading.
Futures and options.
Foreign accounts.
Assets held across multiple exchanges.

How to Evaluate a Registered Exchange Beyond FIU Status

A sensible platform review should use multiple layers.

1. Legal Entity Transparency

The exchange should clearly identify its operator, registered office and contracting entity.

Avoid platforms whose terms use vague wording such as “our partners” without identifying who holds customer funds.

2. Custody Structure

Check whether the exchange explains:

Hot- and cold-wallet arrangements.
Multi-signature controls.
Custody partners.
Withdrawal approvals.
Insurance limitations.
Separation of company and customer assets.
Treatment of customer funds during insolvency.

“Most assets are kept offline” is not enough without explaining what the claim covers.

3. Proof of Reserves

Proof of reserves can provide useful information, but it should not be confused with a complete financial audit.

A reserve report may show certain wallet balances without proving:

The company’s liabilities.
Off-chain debts.
Related-party obligations.
Ownership of all displayed assets.
The ability to meet withdrawals under stress.

Look for independent verification, disclosed liabilities and recent publication dates.

4. Security History

Search for previous:

Hacks.
Data leaks.
Withdrawal freezes.
Account-takeover reports.
Insider incidents.
Delayed incident disclosure.
Reimbursement plans.

How a platform responds to an incident can be as important as whether an incident occurred.

5. Account Security

Prefer platforms supporting:

Authenticator-based two-factor authentication.
Passkeys where available.
Withdrawal-address allowlisting.
Anti-phishing codes.
Device-management controls.
Login alerts.
Withdrawal confirmation delays.
Separate transaction PINs.
Biometric app locking.

SMS OTP alone is weaker because SIM-swap attacks can compromise mobile numbers.

6. INR Deposits and Withdrawals

Check which rails are genuinely available:

IMPS.
NEFT.
RTGS.
UPI where supported.
Bank transfer.
Payment gateway.
P2P.

Do not assume UPI is supported simply because a comparison article says so. Payment availability can change by bank, account type, transaction size and exchange partnership.

Before depositing, review:

Deposit fees.
Withdrawal fees.
Minimum amount.
Daily limits.
Bank-account verification.
Processing hours.
Name-matching rules.
Failed-payment procedure.
Refund timelines.
Whether third-party bank accounts are prohibited.

Coinbase, for example, announced direct INR deposits and withdrawals through IMPS in May 2026, but users should still confirm rollout and account eligibility inside the current platform.

7. Trading Costs

Headline trading fees reveal only part of the cost.

Also compare:

Bid–ask spread.
Slippage.
Deposit fees.
INR withdrawal fees.
Crypto withdrawal fees.
Network-selection charges.
TDS impact.
Subscription or membership fees.
Inactivity fees.
Derivatives funding rates.
Liquidation charges.
Currency-conversion costs.

A “zero trading fee” platform can still be expensive when spreads and withdrawal charges are included.

8. Liquidity

A large token list is not useful when order books are thin.

Check the actual market you intend to trade:

INR pair depth.
Recent volume.
Difference between buy and sell prices.
Slippage for your normal order size.
Availability during volatile periods.
Whether liquidity comes from an Indian or global order book.

9. Withdrawals

Before moving substantial funds, make a small deposit, trade and withdrawal.

Confirm:

Whether INR withdrawals are enabled.
Whether crypto withdrawals are enabled.
Which networks are supported.
Whether additional KYC is required.
Daily and monthly limits.
Security holding periods.
Estimated processing times.
Manual-review conditions.

Never test a new exchange by transferring your full intended balance first.

10. Customer Support

Support should be available through an authenticated channel.

Avoid social-media accounts asking for:

Passwords.
OTPs.
Private keys.
Seed phrases.
Remote-access software.
“Verification deposits.”
Transfers to a recovery wallet.

A legitimate exchange employee does not need your wallet recovery phrase.

What Can Go Wrong with FIU-Registered Crypto Exchanges?

Your KYC Is Rejected

Common causes include:

PAN and bank-account names do not match.
Aadhaar information differs from submitted details.
Images are unclear.
Documents are expired.
The bank account belongs to another person.
Location or device information triggers a review.
The account appears connected with another profile.

Use your own current documents and avoid edited screenshots.

Your Deposit Is Missing

Check:

Whether the bank transfer succeeded.
Whether the reference number was entered correctly.
Whether the bank account is verified.
Whether the payment came from your own account.
Whether the exchange is performing maintenance.
Whether the deposit falls outside permitted limits.

Submit the bank reference through official support. Do not send a second payment until the first is traced.

Your Crypto Deposit Is Not Credited

Confirm:

Asset.
Blockchain network.
Destination address.
Memo or tag.
Number of confirmations.
Minimum deposit.
Token contract.

Sending an asset over the wrong network can result in permanent loss.

Your Withdrawal Is Under Review

A withdrawal may be reviewed because of:

New-device login.
Password reset.
Large transaction.
External-wallet risk alert.
Incomplete source-of-funds information.
P2P dispute.
Sanctions-screening match.
Multiple failed verification attempts.

Respond only through the official app or website.

Your Bank Account Is Frozen After P2P Activity

P2P transactions may involve funds linked to fraud complaints further along the payment chain. Even an innocent seller can face a temporary bank-account restriction while the transaction is investigated.

Reduce risk by:

Using verified counterparties.
Refusing third-party payments.
Matching the payer name.
Keeping order records.
Avoiding deals completed outside the exchange.
Reporting suspicious behaviour immediately.

FIU registration of the marketplace does not eliminate counterparty risk.

You Download a Fake App

Use only the exchange’s verified website and official app-store developer page.

Never install an APK from:

Telegram.
WhatsApp.
File-sharing sites.
Pop-up advertisements.
Unverified mirror domains.
A support agent’s private message.

Check requested permissions. A trading app should not require unrestricted access to messages, accessibility services or unrelated device functions without a clear reason.

Risks of Using an Unregistered Offshore Exchange

Serving Indian users without meeting the applicable registration and AML requirements can lead to enforcement action.

FIU-IND issued show-cause notices to nine offshore VDA providers in December 2023 and requested blocking of URLs connected with non-compliant operations. A further 25 offshore providers received notices in October 2025.

Possible user problems include:

Website or app access being restricted.
INR payment options disappearing.
Greater dependence on P2P payments.
Limited local customer support.
More complicated tax records.
No automatic Indian TDS handling.
Difficulty identifying the contracting entity.
Cross-border dispute costs.
Sudden changes to services offered in India.

However, avoid the exaggerated claim that an Indian user has “zero legal recourse” in every situation. Rights and remedies depend on the facts, contract, legal entity, jurisdiction and nature of the dispute. The practical problem is that recovery from an offshore company can be slower, more expensive and less predictable.

Using a VPN does not correct a platform’s compliance position. It can also breach the exchange’s own terms and trigger account restrictions.

Is Crypto Legal in India in 2026?

India has not recognised private cryptocurrencies as legal tender, and crypto does not operate under the same comprehensive product-regulation system as bank deposits, listed shares or mutual funds.

At the same time, India has:

Defined virtual digital assets for tax purposes.
Established a special VDA tax framework.
Applied TDS rules to qualifying transfers.
Brought specified VDA service providers under PMLA.
Required relevant platforms to register with FIU-IND.
Taken enforcement action against non-compliant providers.

The safest description is that buying, holding and transferring crypto is not subject to a blanket national prohibition, but the sector remains highly regulated in some areas and incompletely regulated in others.

Paying tax does not turn a crypto asset into government-approved money. FIU registration does not convert an exchange into a bank. Neither should be treated as proof that a particular transaction is appropriate for you.

Common FIU Registration Myths

“FIU Registered Means RBI Approved”

False. FIU-IND and RBI perform different functions.

“FIU Registration Is a Crypto Trading Licence”

Misleading. It is registration within an AML and reporting framework, not a complete investment-market licence comparable with securities regulation.

“Registered Exchanges Cannot Be Hacked”

False. Cyber-security risk remains.

“My Money Is Insured”

Usually false. Crypto exchange balances do not receive ordinary bank-deposit insurance merely because the platform is FIU registered.

“Every Coin on the Exchange Is Approved”

False. Registration relates to the service provider, not government approval of every listed token.

“The Exchange Handles All My Taxes”

False. Automated TDS and transaction reports can help, but the taxpayer remains responsible for accurate filing.

“A Registration Badge Is Enough”

False. Check the operating legal entity and date.

“An App Available in India Must Be Registered”

False. Availability in an app store is not proof of FIU registration.

“Offshore Means Illegal for Every User”

Too broad. The compliance question depends on whether the provider performs covered services for Indian users without meeting applicable requirements. Users should avoid turning a complex legal issue into a one-word slogan.

FIU Crypto Exchange Safety Checklist

Before depositing INR or crypto, confirm each item:

The official website uses the correct domain.
The app is published by the expected developer.
The full operating legal entity is disclosed.
A current AML policy states FIU-IND reporting status.
The terms cover Indian users.
No recent government notice contradicts the registration claim.
Fees are publicly disclosed.
INR deposit and withdrawal methods are currently working.
Crypto withdrawals are enabled for your asset and network.
Authenticator-based 2FA is available.
Withdrawal-address allowlisting is available.
The platform explains custody arrangements.
Security incidents and recovery plans are disclosed.
Tax reports can be downloaded.
TDS treatment is explained.
Support operates through authenticated channels.
You have completed a small withdrawal test.
You understand that registration is not insurance.
You are not keeping more on the exchange than necessary.
You have recorded the date of your verification.

Frequently Asked Questions

Which crypto exchanges are FIU registered in India?

Major platforms currently stating that they are FIU-IND registered include CoinDCX, CoinSwitch, Mudrex, ZebPay, WazirX, Giottus, Unocoin, Bybit and Coinbase. This is not a complete official register, and status should be checked against the platform’s current legal entity and recent government information.

How many crypto exchanges are registered with FIU-IND?

A Government of India release dated 1 October 2025 stated that 50 VDA service providers had registered with FIU-IND. The FY 2024–25 annual-report figure reported publicly was 49. The difference reflects different reporting dates and demonstrates why every list needs a timestamp.

Is FIU registration mandatory for foreign crypto exchanges?

Relevant VDA providers serving Indian users are expected to register when they carry out covered activities. FIU-IND states that the obligation is activity-based and does not depend on the provider having a physical presence in India.

Does FIU registration mean a crypto exchange is safe?

No. It is an AML compliance signal, not a safety guarantee. Review custody, security history, reserves, withdrawals and legal terms separately.

Is an FIU-registered exchange government approved?

No. Avoid describing it as government endorsed, RBI approved or SEBI licensed unless a separate, verifiable approval applies to a specific regulated activity.

Where can I find the official FIU crypto exchange list?

FIU-IND publishes VDA guidance, registration circulars, annual reports and enforcement material. Its public website may not always provide a simple consumer directory mapping every app brand to every legal entity. Start with the official FIU website, identify the platform’s legal entity and cross-check recent official publications.

How do I check the legal entity behind an app?

Read the user agreement, terms of use, AML policy and privacy policy. The app-store developer page and company contact information can provide additional confirmation.

Is CoinDCX FIU registered?

CoinDCX currently states that it operates as an FIU-IND registered reporting entity. Verify the current legal entity and policy before opening or funding an account.

Is CoinSwitch FIU registered?

CoinSwitch’s current AML policy states that Bitcipher Labs LLP, operating under the CoinSwitch brand, is registered with FIU-IND as a reporting entity.

Is WazirX FIU registered?

WazirX currently describes itself as an FIU-IND registered entity. Registration should be considered separately from its security-incident, restructuring and withdrawal history.

Is Bybit FIU registered in India?

Bybit announced on 6 February 2025 that it had successfully registered with FIU-IND after settling its earlier monetary penalty and addressing the related compliance matter.

Is Coinbase FIU registered in India?

Coinbase stated in May 2026 that it was registered with FIU-IND and was introducing direct INR deposits and withdrawals through IMPS. Users should confirm current service availability for their account.

Do FIU exchanges support UPI?

Some exchanges may support UPI, IMPS, NEFT or other banking methods, but availability changes. Check the live deposit screen rather than relying on an old review.

Do FIU exchanges deduct 1% TDS?

Many India-facing exchanges apply TDS to qualifying VDA transactions. The 2026 change of income-tax legislation affects statutory references and filing processes, so consult current platform documentation and a tax professional.

Is the 30% crypto tax still applicable?

The Income Tax Department continues to describe gains from VDAs under the applicable earlier tax framework as subject to a 30% special rate, plus applicable surcharge and cess. The Income Tax Act, 2025 took effect on 1 April 2026, so references depend on the relevant transaction and tax year.

Can I avoid TDS by using an offshore exchange?

Using an offshore platform does not automatically remove an Indian resident’s tax obligations. It may instead place more reporting and recordkeeping responsibility on the user. Consult a qualified tax professional.

Should I keep all my crypto on an FIU exchange?

An exchange is useful for trading and converting between INR and crypto, but long-term custody creates platform risk. Learn how self-custody works before withdrawing, because losing a seed phrase or sending funds over the wrong network can also cause permanent loss.

How often should I recheck registration?

Check before the first deposit, after important regulatory news and periodically while meaningful funds remain on the exchange.

Final Verdict

FIU-IND registration should be treated as an essential compliance checkpoint when comparing crypto exchanges serving Indian users. It shows that an identified entity has entered India’s anti-money-laundering and transaction-reporting framework.

It does not prove that the exchange is financially sound, cyber-secure, liquid, well managed or appropriate for a particular investor.

The most reliable approach in 2026 is:

Identify the legal entity.
Read the current AML policy.
Check official FIU-IND and government material.
Search for recent enforcement or security events.
Confirm INR and crypto withdrawals.
Review fees, TDS and tax records.
Enable strong account security.
Test the platform with a small amount.
Keep a dated record of your check.
Never interpret registration as a government guarantee.

A static list can become outdated. The ability to verify an exchange yourself is more valuable than any “top 10” ranking or registration badge.

Financial and tax disclaimer: This guide is for general educational purposes. It does not recommend buying, selling or holding any virtual digital asset and does not provide personal legal, financial or tax advice. Laws, tax procedures, registration status and platform services may change. Verify current government information and consult a qualified professional where necessary.

FIU Registered Crypto Exchanges in India (2026): Verified Platforms and How to Check Them Yourself content