Cryptocurrency exchange OKX will reportedly terminate its services in India. The exchange advised customers to close their positions by April 30.
Due to local regulations, crypto exchange OKX will no longer offer its services in India. The exchange told its customers to close their positions by April 30, 2024. After the indicated date, customers may only withdraw funds from the exchange.
India Flags Numerous Exchanges for Operating Illegally
According to a report by TechCrunch, crypto exchange OKX told its customers that it would terminate its services in India. In an email, the exchange advised its customers to close out their positions by the end of April, stating that withdrawals would only be allowed after that. OKX’s decision comes after Apple and Google pulled the exchange from their platforms.
Apple and Google removed OKX and several other exchanges after the Indian Financial Intelligence Unit (FIU) said they were operating illegally in the country. In January
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