Indian crypto enthusiasts woke up Saturday morning to a chilling sight: their favorite apps, including global giant Binance, vanished from Apple’s app store. The reason? A regulatory hammer blow from the Indian government, citing concerns about money laundering. But amidst the panic, Binance sounded a reassuring note, vowing to comply with regulations and protect users’ funds.
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India’s Crypto App Ban: Binance Responds
The drama unfolded after Apple, bowing to pressure from India’s Finance Ministry, yanked at least three major crypto platforms – Binance, Kucoin, and OKX – from its Indian app store. The Ministry had issued show-cause notices to nine virtual asset service providers, accusing them of violating anti-money laundering laws. This triggered the Financial Intelligence Unit to request the government block their websites, prompting Apple’s swift action.
The move sends shockw
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