On Saturday, January 14th, Google removed several major cryptocurrency exchange apps from its Play Store in India, including Binance, OKX, and Kucoin. This comes just two weeks after India’s Financial Intelligence Unit (FIU) sent show-cause notices to these platforms for allegedly violating anti-money laundering laws.
The removal of the apps follows a series of actions taken by the Indian government to crack down on global cryptocurrency platforms operating in the country without proper registration or without the necessary permits and approvals.
Earlier last week, the FIU recommended blocking access to the websites of Binance and 8 other exchanges. By Thursday evening, several Indian internet service providers had already restricted access to these sites.
Here is the list of the services whose websites and Apps were banned in India –
The purge of crypto apps from the Play Store delivers another blow to India’s struggling…
