The Indian Ministry of Finance's Financial Intelligence Unit (FIU), has blocked several global crypto exchanges operating in India, alleging they were carrying out operations without a license. In December 2023, FIU issued a warning to several global crypto exchanges including Binance, Bittrex, Bitstamp, Bitfinex, Gate, Huobi, Kraken, Kucoin and MEXC global. The FIU also found several violations regarding money laundering committed by the crypto exchange.
Currently FIU has also blocked the crypto exchange URL. Apart from that, Google has also removed the crypto exchange mobile apps on both Android and Apple. So users in India cannot access several global crypto exchanges.
Currently FIU has also blocked the crypto exchange URL. Apart from that, Google has also removed the crypto exchange mobile apps on both Android and Apple. So users in India cannot access several global crypto exchanges.