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Apple Removes Binance Amid India's Crypto Crackdown | FinOracle

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Apple Removes Binance Amid India’s Crypto Crackdown

Apple has removed Binance and seven other cryptocurrency platforms from its Indian App Store at the request of the Indian government, as part of its crackdown on digital asset companies. The exchanges, including Bitfinex and Kucoin, were removed for not complying with India's Prevention of Money Laundering Act. Binance and the other affected exchanges have assured their customers that their funds are safe and expressed their commitment to comply with the Indian government's regulations. Recent reports also show that crypto companies and FinTechs faced record fines for their lack of financial controls.

by John Darbie
Wed, Jan 10, 2024 11:05pm
in Apps
• 3 mins read
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Apple Removes Binance Amid India's Crypto Crackdown | FinOracle

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Apple Removes Binance and Other Crypto Platforms from Indian App Store

Apple has reportedly removed Binance and seven other cryptocurrency platforms from its Indian App Store. This move, requested by the Indian government, marks an escalation in the country’s crackdown on digital asset companies. The exchanges that were removed also include Bitfinex, HTX, and Kucoin. These actions were taken on the instructions of the Ministry of Electronics and Information Technology, according to unnamed sources cited in the report. Additionally, authorities have asked Google to remove the apps as well.

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