India's Financial Intelligence Unit cautioned the public that cryptocurrency products and non-fungible tokens remain unregulated and highly risky, offering no regulatory recourse for transaction losses

From the articleIndia’s financial intelligence unit flags 15 crypto platforms for AML lapsesAlso in India Crypto Crackdown: FIU-IND Hits 15 Offshore Exchanges With PMLA Notices - Blockonomi, India seeks takedowns of 15 crypto platforms over AML compliance, India’s FIU Orders Takedown of 15 Offshore Crypto Apps Over AML Non-Compliance