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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Giant OKX Ends India Services, Cites 'Local Regulations'

OKX Crypto India United States Binance Chainwire
SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire. (Credit: Chainwire)

KEY POINTS

  • Users can still withdraw their funds after April 30 but all other services will be discontinued by then
  • India has been cracking down on crypto platforms that it deems are non-compliant with its anti-money laundering rules
  • The country blocked nine crypto firms in December, including Binance and Kraken

Global cryptocurrency spot and derivatives exchange OKX has announced that it no longer provides services for users in India, as the country cracks down on crypto platforms.

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