India Blocks Websites of Offshore Crypto Exchanges After Non-Compliance Warning India blocked access to websites of several offshore crypto exchanges, including
Binance, Kucoin, OKX , Gate io and many others on January 12 . This action followed the removal of these platforms from the Apple App Store in the country just a
few days earlier. The move is a consequence of the finance ministry issuing show-cause notices to these platforms on December 28, citing non-compliance with the country’s money
laundering laws. The notice was directed at
Binance, Kucoin, Houbi, Kraken, Gate io,
Bittrex, Bitstamp, MEXC Global, and
Bitfinex, accusing them of operating illegally in India by failing to register and adhere to local tax regulations.
In response to the alleged violations, the finance ministry instructed the information technology ministry to block the URLs of these platforms, leading to the recent website restrictions. However, the websites of these
exchanges can still be
accessed through VPNs.
