Google Removes Cryptocurrency Apps in India: Growing Scrutiny on Operations
In a significant move reflecting the growing scrutiny on cryptocurrency operations, Google has removed several cryptocurrency-related applications from its Play Store in India. This action follows a series of warning notices sent by the Indian finance ministry to nine virtual digital assets (VDAs) service providers last month, citing potential violations of the country’s anti-money laundering regulations. Apple Inc. had earlier taken similar steps, pulling major offshore crypto exchanges like Binance, Kucoin, and OKX from its App Store in the country.
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