In a significant development, Binance, one of the world’s leading cryptocurrency exchanges, has confirmed the removal of its application from Apple’s App Store in India. This move comes amid growing regulatory concerns in the country.

It has been revealed that Binance, along with other affected exchanges, failed to adhere to the appropriate regulatory framework in India. This non-compliance has led to the removal of their applications from the App Store, marking a significant setback for these platforms.

The update on this situation was provided on January 10, 2024. As the regulatory landscape for cryptocurrencies continues to evolve globally, this incident underscores the importance of compliance with local laws and regulations for businesses operating in this space.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries	🇮🇳
Sentiment	negative
Relevance Score	1
People	None
Companies	Apple India App Store, Binance
Currencies	None
Securities	None