These apps include Binance, Kraken, Mexc, and Kucoin, among others.
The FIU had sent nine cryptocurrency exchanges with show-cause warnings last month.
A number of prominent cryptocurrency exchanges’ mobile apps have simply vanished from India’s Apple App Store. These apps include Binance, Kraken, Mexc, and Kucoin, among others. This action is being taken a week and a half after these exchanges were named for supposedly running “illegally” inside the nation.
The Indian government agency in charge of investigating and analyzing financial activities, known as the Financial Intelligence Unit (FIU), sent nine cryptocurrency companies with show-cause warnings last month.
AML Non-compliance
In addition to Huobi (HTX) and Gate.io, Bittrex and Bitfinex are also impacted exchanges. However, as per reports, Bitstamp, another exchange that has been warned by the FIU, is still available on the App Store in India.
Claiming non-compliance with India’s anti-money laundering (AML) regulation
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