Apple Removes Binance & Other Crypto Apps in India: Latest Updates!
Apple has just taken a significant step by removing Binance, Kucoin, and OKX from its App Store in India. This action follows a warning from the finance ministry to nine cryptocurrency companies, including Binance, for non-compliance with anti-money laundering laws.
📅 On December 28, the ministry accused these platforms, including Houbi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, of violating Indian laws due to non-registration and non-compliance with local tax regulations.
🚫 The Financial Intelligence Unit of India (FIU IND) has written to the Ministry of Electronics and Information Technology to block Binance's URL, emphasizing the government's stance on regulating virtual digital assets (VDAs).
📱 While these apps remain on Google Play Store for Android users, there's speculation that Google may follow suit if the cause aligns. Business Today has sought confirmation from Apple regarding the removal—stay tuned for updates!
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