India blocks access to overseas crypto exchanges Binance, Kucoin, and more after show cause notice
On December 28, the FIU issued notices to Binance and eight other cryptocurrency exchanges, seeking clarification from them over operations in India.
India has blocked access to the web platforms for overseas crypto exchanges and virtual digital asset services providers including Finance, Kucoin and OKX, according to a report from Economic Times. The latest development comes against the backdrop of non-compliance with show cause notices by the Financial Intelligence Unit (FIU) of these entities.
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