Apple Withdraws Binance and Other Crypto Apps from the Indian Market Google Playstore is expected to follow the suit and delist the apps

By Paromita Gupta

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Apple, on Wednesday, removed Binance, the world's largest cryptocurrency exchange, from its App Store in India. It removed three offshore crypto exchanges- Binance, Kucoin and OKX, however, the impacted number can touch nine.

This move comes in less than two weeks of the Financial Intelligence Unit India issuing Show Cause Notice to nine offshore crypto platforms for alleged non-compliance with Indian anti-money laundering law.

On December 28, FIU issued the legal notice to Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.

The Indian arm of the crypto exchange further noted that the existing app users will not be impacted.

The body further recommended the blocking of the URLs of these exchanges.

Google Playstore is expected to follow the suit and delist the nine.

Paromita Gupta

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 

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