The economic intelligence Unit has sent a display motive notice to 9 offshore cryptocurrency exchanges after they have been allegedly discovered to be illegally working in India by way of now not complying with the usa’s anti-money laundering law.

In Short

• The FIU has sent display purpose word to nine offshore cryptocurrency exchanges.
• The FIU has cautioned MeitY to block the URLs of the nine cryptocurrency exchanges.
• The 9 cryptocurrency exchanges have been pulled up for non-compliance with India anti-money laundering law.

Nine offshore cryptocurrency exchanges have received a show-cause notice from the Financial Intelligence Unit (FIU) of the Indian Finance Ministry, which has also requested that their URLs be blocked in India by the Ministry of Electronics and Information Technology (MeitY). The Indian anti-money laundering statute is allegedly not being followed, which is why action has been taken. These nine cryptocurrency exchanges, which include Binance and Kucoin, have been conducting illegal business in India, according to the notification issued by the FBI. Nine exchanges—Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex—have been given notice to show reason.

“The Financial Intelligence Unit India (FIU IND) has issued compliance Show Cause Notices to the following nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA) as part of compliance action against the offshore entities,” the show cause notice states.

October 19 cryptocurrency price overview: The value of the world market fell to $1.08 trillion.

Despite reds taking over the price charts, the oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to hold above the $28,000 threshold early on Thursday. Well-known cryptocurrencies, including as Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Ethereum (ETH), consistently performed poorly. With a rise of more than 5% in a single day, the Bitcoin SV (BSV) token emerged as the top performer of the group. Conversely, Conflux (CFX) turned into the largest loser, falling more than 7% in a single day.

The value of the entire cryptocurrency market was $1.08 trillion at the time of writing, a 1% decrease in a day.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $28,247.34, down 0.98 percent in a day. As to the Indian exchange WazirX, the current value of Bitcoin was Rs 24.52 lakh.

Ethereum Price Today
At the time of writing, the price of ETH was $1,548.86, a decrease of 1.20 percent over the previous 24 hours. Ethereum’s price in India was Rs 1.35 lakh, according to WazirX.

Dogecoin Price Today
DOGE, which is presently trading at $0.05822, saw a 1.22 percent 24-hour loss, according to CoinMarketCap data. Dogecoin was priced at Rs 5.11 in India, according to WazirX.

Litecoin Price Today
Litecoin lost 2.76 percent of its value in a day. As of writing, its trade price was $60.45. In India, the cost of LTC was Rs 5,305.

Ripple Price Today
The price of XRP was $0.4837 after falling 1.42 percent in a day. WazirX said that the price of Ripple was Rs 41.99.

Solana Price Today
The price of Solana was $23.48, down 2.15 percent in a day. The price of SOL in India was Rs 2,036 according to WazirX.

Quick take on the cryptocurrency pricing on July 24: The worldwide market capitalization fell to $1.19 trillion.

Over the weekend, Bitcoin (BTC), the oldest and most valuable cryptocurrency, failed to break through the $30,000 barrier. Ethereum (ETH) also fell short of the $1,900 mark. Other major altcoins, including as Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL), had slight drops. With a tiny 24-hour increase of more than 4%, the XDC Network (XDCK) token became the top gainer. Synthetix (SNX), on the other hand, emerged as the greatest loser, losing about 6% in a 24-hour period.

At the time of writing, the worldwide crypto market cap was $1.19 trillion, representing a 0.48 percent 24-hour loss.

Bitcoin Price Today
According to CoinMarketCap, the price of bitcoin was $29,705.30, a 0.50 percent decline in a 24-hour period. BTC was trading for Rs 25.55 lakh on the Indian exchange WazirX.

Ethereum Price Today
At the time of writing, the price of ETH was $1,866.94, representing a 0.15 percent 24-hour loss. According to WazirX, the current price of Ethereum in India is Rs 1.62 lakh.

Dogecoin Price Today
According to CoinMarketCap data, DOGE has lost 0.11 percent in the last 24 hours and is currently trading at $0.07084. According to WazirX, the Dogecoin price in India was Rs 6.06.

Litecoin Price Today
Litecoin fell 0.44 percent in a 24-hour period. It was trading at $92.13 at the time of writing. In India, the price of LTC was Rs 8,011.

Ripple Price Today
The price of XRP was $0.7285 after a 1.03 percent decline in the previous 24 hours. According to WazirX, the current price of Ripple is Rs 63.26.

Solana Price Today
Solana price was $24.38, down 1.55 percent in 24 hours. According to WazirX, the SOL price in India is Rs 2,112.

Cryptocurrency values increased, recovering from their decline on Wednesday after the Federal Reserve raised interest rates.

The SEC is increasing its enforcement efforts against cryptocurrency companies, and on Wednesday it sent Coinbase (COIN) a warning for possible securities breaches.

Following the Fed decision on Wednesday, bitcoin fell as low as $26,685 before recovering to around $28,200 by late Thursday. Prior to the report, on Wednesday, Bitcoin reached its highest intraday level since June 11 at $28,889 per coin. BTC has recovered from its monthly bottom under $19,800 from March 10 to be up 20% so far in March. The biggest cryptocurrency in the globe has increased by 70% so far in 2018.

Ethereum surged to $1,815 late on Thursday, surpassing its previous March peak of $1,858. Ethereum has recovered from its monthly bottom of $1,385 on March 10 to be up 9.6% so far this month. The #2 cryptocurrency is trading at its highest values since mid-August and is up 51% year to date.

Cryptocurrency Prices

Bitcoin Price $28206.20

Ethereum Price $1811.19

Tether Price $1.00

BNB Price $327.55

XRP Price $0.43

Cardano Price $0.37

Polygon Price $1.14

Dogecoin Price $0.077

Solana Price $22.14

Polkadot Price $6.40

Tron Price $0.06721

Shiba Inu Price $0.000011

Litecoin Price $93.58