Is BingX available in India?
BingX is not available to residents of India. The Financial Intelligence Unit India issued compliance notices to BingX and other offshore platforms and ordered their apps and websites withdrawn from public access for failing to register under the country's anti money laundering rules.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
As of 26 June 2026, BingX is not available to residents of India. In 2025 the Financial Intelligence Unit India, the agency under the Ministry of Finance that registers crypto platforms as reporting entities under the anti money laundering framework, named BingX among offshore exchanges that had not complied and ordered their apps and websites to be withdrawn from public access in India. BingX does not appear on the list of registered reporting entities. Owning crypto remains legal in India, but use of the BingX platform is restricted, so verify the current position with the Financial Intelligence Unit India before acting.
Availability for Indian residents
As of 26 June 2026, BingX is not available to residents of India. India does not ban crypto, but offshore platforms that serve Indian users must register with the Financial Intelligence Unit India as reporting entities under the Prevention of Money Laundering Act and meet anti money laundering and know your customer obligations.
The Financial Intelligence Unit India registered a set of compliant exchanges and, in 2025, issued notices to offshore platforms that had not registered, including BingX, and asked for their apps and websites to be withdrawn from public access in India. BingX does not appear on the register of compliant reporting entities at the time of writing.
Because BingX has not registered with the Financial Intelligence Unit India and was named in the enforcement action, treat the platform as not available to Indian residents. Owning, buying, and selling crypto through a registered provider remains legal. Verify the current position with the Financial Intelligence Unit India before acting.
How the rules apply
BingX is a custodial platform that holds assets on your behalf. To serve Indian users lawfully, an offshore exchange must register with the Financial Intelligence Unit India and apply know your customer and anti money laundering checks. BingX has not completed that registration, which is the basis for the restriction.
Indian users who hold balances on offshore platforms named in the enforcement action should follow guidance from the Financial Intelligence Unit India and use registered providers. Confirm the current list of registered exchanges before acting, because compliance status can change.
How crypto is taxed in India
Crypto is taxed in India. Income from the transfer of virtual digital assets is taxed at a flat rate of 30% under the Income Tax Act, and a 1% tax deducted at source applies to transfers above set thresholds, overseen by the Income Tax Department (as of 26 June 2026). Because the rules depend on personal circumstances, confirm the current treatment with the Income Tax Department or a qualified Indian adviser.
For a fuller explanation, see the India crypto tax page. This is general information, not tax advice.
Regulator and sources
The relevant authority for the availability question is the Financial Intelligence Unit India, under the Ministry of Finance, which registers crypto platforms as reporting entities under the anti money laundering framework. The position below is stated as of 26 June 2026 and should be confirmed on the primary sources.
- Financial Intelligence Unit India, Ministry of Finance, the registration of crypto platforms as reporting entities and enforcement notices to offshore exchanges.
- Prevention of Money Laundering Act, which sets the registration and reporting requirement for crypto platforms serving Indian users.
- Reporting that the Financial Intelligence Unit India ordered the withdrawal of named offshore exchange apps and websites in India, including BingX.
- BingX, public information on the countries and products it serves.
Frequently asked questions
Is BingX available in India?
As of 26 June 2026, BingX is not available to residents of India. The Financial Intelligence Unit India named BingX in enforcement action and ordered offshore exchange apps and websites withdrawn from public access. Verify the current position with the Financial Intelligence Unit India.
Why is BingX restricted in India?
Offshore platforms serving Indian users must register with the Financial Intelligence Unit India under the Prevention of Money Laundering Act. BingX had not registered and was named among non compliant exchanges, which is the basis for the restriction.
Is it legal to own crypto in India?
Yes. Owning, buying, and selling crypto through a registered provider is legal in India, and gains are taxed. The restriction on this page concerns the BingX platform, not whether owning crypto is allowed.
How is crypto taxed in India?
Income from the transfer of virtual digital assets is taxed at a flat rate of 30%, and a 1% tax deducted at source applies to transfers above set thresholds, overseen by the Income Tax Department. See the India crypto tax page. This is general information, not tax advice.
Which exchanges are registered in India?
The Financial Intelligence Unit India maintains a register of compliant reporting entities. Use platforms on that register, and see the best exchanges in India page for current options.
Where can I confirm the current position?
Check the Financial Intelligence Unit India notices and the register of reporting entities, and BingX's own published updates. Those primary sources are the most current way to confirm availability before acting.
Rules change frequently. Enforcement positions and registration status can change at short notice in India. The position on this page is dated 26 June 2026. Confirm the current status with the Financial Intelligence Unit India and the platform before you act.
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