Binance, KuCoin and eight other crypto exchange applications were blocked by Apple App Store India weeks after the Indian Finance Ministry’s notice against nearly a dozen foreign non-registered crypto exchanges.
The Indian Apple app store has blocked Binance, KuCoin, Bitget, Huobi, OKX, Gate, and MEXC crypto exchange apps weeks after the Indian government issued a non-compliance notice against nearly a dozen off-shore crypto exchanges. These exchange applications are no longer accessible to new users..
The Indian finance ministry’s Financial Intelligence Unit (FIU), on Dec. 28, issued a notice to Binance, Huobi, Kraken, Gate.io, KuCoin, Bitstamp, MEXC Global, Bittrex and Bitfenex for illegally operating in India.
The FIU notice said that any exchange offering services to Indian users must register as a ‘reporting entity’ and file statements with the income tax department. The FIU had recommended that the IT Ministry block the mentioned exchanges’ websites for non-compliance.
