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The Apple App Store in India blocks KuCoin and eight other crypto exchange applications.
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The country’s Ministry of Finance issued notice against nearly a dozen foreign non-registered crypto exchanges.
The Apple App Store in India has blocked KuCoin, Bitget, Huobi, OKX, Gate.io, MEXC, and other prominent crypto exchange apps. The Indian government has issued a non-compliance notice against these crypto exchanges. Indian users will no longer get access to these exchanges.
A notice is sent to exchanges including KuCoin, Bitstamp, MEXC Global, Bittrex, Gate.io, Huobi, Bitfinex, Kraken, and one more reputed exchange for illegally operating in India.
The notice clarifies that any exchange providing services to Indian users must comply by registering itself as a reporting entity and filing statements with the income tax department. Since these mentioned exchanges do not comply, the FIU recommends the Ministry of Electronics and Information Technology to b
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