Binance, KuCoin, MEXC Apps Removed from Play Store

India has removed the apps for Binance, KuCoin, and MEXC from the Google Play Store. This follows a similar move by Apple, which removed these apps from its App Store in India on December 28, 2023.

Google followed Apple's lead and removed the apps for Binance, KuCoin, and MEXC from the Google Play Store in India. This action came just two weeks after the Indian government's Financial Intelligence Unit (FIU) sent show-cause notices to nine offshore cryptocurrency exchanges, including these three, for non-compliance with anti-money laundering (AML) regulations.

Here's a quick summary of the situation:

• Reason for removal: Non-compliance with Indian AML regulations by the exchanges.

• Which exchanges were affected: Binance, KuCoin, and MEXC.

• What about existing users? If you already have the app installed, it will continue to work for now. However, you won't be able to download new updates or install it on new devices.

This move by the Indian government reflects the country's increasing focus on regulating the cryptocurrency sector. While the government hasn't outright banned crypto usage yet, it's clearly taking steps to ensure compliance with its regulations.