Crypto exchange OKX is ceasing services for customers in India, it mentioned in an e mail to clients Thursday, advising them to withdraw their funds by April-end.
The transfer follows Apple and Google pulling the eponymous app of OKX in the nation after an Indian authorities company mentioned many crypto exchanges had been working illegally in the South Asian market.
Financial Intelligence Unit, the federal government company, named Binance, Kraken, Huobi and Gate.io amongst apps working “illegally” in India however hadn’t named OKX in its public assertion.
OKX has suggested clients in India to shut all their lively margin positions and withdraw all funds by April 30. The crypto exchange cited “local regulations” for its motion.
This is a creating story. More to comply with.