Binance assures Indian accounts are safe following Apple’s delisting
Binance, the largest cryptocurrency exchange in terms of daily trading volume, has assured its Indian users regarding the safety and security of their accounts and funds. The move follow s the delisting of several major crypto service providers from Apple’s app store, including Kucoin and OKX. Cupertino, California-based Apple said the decision was made in response to a show-cause notice from India’s Finance Ministry regarding non-compliance with the country’s money laundering laws. Binance, which has no official headquarters, claims India has the highest number of crypto users in the world. Binance commits to compliance Following Apple’s removal of at least three offshore crypto exchanges from its India app store, Binance penned a blog post confirming the situation to its Indian customers. The firm clarified that the restriction only affects users trying to access the Indian iOS app store or the Binance website from India. Notably, existing users with ...