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After Apple, Google also removes Binance, Kraken, other crypto apps from Play store in India

IndianStartupNews

· 5m
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Google has joined Apple in removing cryptocurrency exchange apps from its Play Store in India. The move comes after the Indian Finance Ministry's Financial Intelligence Unit issued show-cause notices to exchanges like Binance and Kraken for unauthorized operations in India. The action is rooted in concerns over violations of anti-money laundering regulations. This crackdown adds to the already stringent regulatory environment for cryptocurrencies in India, impacting the local crypto market and trading activity. Compliance with anti-money laundering rules is at the center of the issue.

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