Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store
Summary
Apple has removed several offshore cryptocurrency exchanges, including Binance, KuCoin, and OKX, from its India app store. This action follows the issuance of compliance show cause notices by India's Financial Intelligence Unit (FIU) to nine exchanges under the Prevention of Money Laundering Act (PMLA). The government has also initiated steps to block the URLs of these exchanges, which are accused of operating illegally without compliance. However, this process is still ongoing and the URLs remain functional in India. The Indian government may delay further action until responses to the notices are received. Despite these developments, the apps remain available on Google PlayStore.
