In a recent development, Seychelles-based firm OKX, one of the largest cryptocurrency exchanges in the world, has announced the shutdown of its services in India. According to recent reports, the decision comes in response to regulatory hurdles faced by the exchange in the country. Users were notified of the closure through a notice sent on […]
India has intensified its efforts to regulate the crypto sector by clamping down on overseas exchanges, including Binance, that are allegedly operating illegally within the country. The Financial Intelligence Unit (FIU) has issued compliance show-cause notices to several platforms, urging them to demonstrate adherence to Indian laws. Additionally, the information ministry has been requested to […]