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Apple has removed some top global cryptocurrency exchanges like Binance and Kucoin from its App Store in India after the government sent show-cause notices to these crypto exchanges for not complying...
The US Securities and Exchange Commission's (SEC) decision on a Bitcoin ETF was overshadowed by a cybersecurity incident, as the SEC's Twitter account was compromised and a fake post claiming approval for the ETF caused a brief surge in Bitcoin's price.
The Financial Intelligence Unit, under the Finance Ministry, had last month issued show-cause notices to nine offshore VDA service providers, including Binance, for operating in the country without complying with money laundering laws.
Millions of Indian users were transacting with offshore crypto exchanges to evade taxes. This hurt not just the service providers who were complying with the law, but also resulted in revenue losses for the government
The nine crypto exchanges in question are Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.