Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Google followed Apple in removing several cryptocurrency apps in India.
BLOCKCHAIN NEWS

Google followed Apple in removing several cryptocurrency apps in India.

By Crypto FlexsJanuary 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Google followed Apple in removing several cryptocurrency apps in India.
Share
Facebook Twitter LinkedIn Pinterest Email

In a significant move that reflects growing scrutiny of cryptocurrency operations, Google has removed several cryptocurrency-related applications from the Play Store in India.

The move follows a series of warning notices sent by the Indian Finance Ministry to nine virtual digital asset (VDA) service providers last month, citing possible violations of India’s anti-money laundering regulations. Apple Inc. previously took a similar move, pulling major foreign cryptocurrency exchanges such as Binance, Kucoin and OKX from the country’s App Store.

The crackdown affected several popular applications, including Binance, Kucoin, Houbi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex. These platforms reportedly operated without proper registration and compliance with local tax laws. In response to these allegations of corruption, the Treasury Department urged the Information Technology Department to block the URLs of these exchange websites and suspect them as channels for money laundering activities.

Binance app is not available on Google Play Store in India. | Source: Google Play Store

The Ministry of Electronics and Information Technology (Meity) implemented the removal of these apps on December 28 after a show-cause notice was issued. Google’s decision is seen as part of a larger plan to ensure compliance with policy standards. The Treasury’s Financial Intelligence Unit (FIU) has raised concerns about the potential misuse of these apps in money laundering schemes. Binance reacted Apple reassured users by removing the app from the App Store on January 10th.

Existing app users will not be affected. We will continue to work with regulators to resolve the situation and will share updates here.

Rest assured that your funds are SAFU.

Binance South Asia

The Ministry of Finance requires foreign and domestic VDA service providers to: India Must be registered with FIU-India and must comply with Prevention of Money Laundering Act, 2002 (PMLA). As a pivotal state agency, the FIU plays an important role in identifying and disseminating information about suspicious financial transactions.

Cryptocurrencies and blockchain applications are gaining traction for financial and investment purposes. The app offered cryptocurrency trading, portfolio management, and price tracking services. As these platforms grow in importance, regulators are becoming increasingly vigilant to ensure compliance and prevent misuse.

The removal of these applications from the Google and Apple app stores emphasizes that the tech giants are prepared to comply with authorities’ concerns. This move, which follows Treasury Department directives to restrict access to these apps and URLs, highlights the need for companies handling virtual digital assets to comply with local regulations and proactively address illegal activity.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rhuna Raises $2M Seed Round Led by Aptos Labs to Build Stablecoin Payment Infrastructure for Entertainment

October 10, 2025

Investors surpass 640,000 BTC when looking at Bitcoin Holdings with $ 22 million purchases.

September 30, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025
Add A Comment

Comments are closed.

Recent Posts

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 2025

Phemex Announces Halloween Futures Trading Festival With 200,000 USDT Prize Pool

October 13, 2025

ViaBTC Unveils Enhanced Collateralized Loan Service For Global Miners

October 13, 2025

Tapbit secures strong presence at TOKEN2049 in Singapore

October 13, 2025

Tapbit Delivers A Strong Presence At TOKEN2049 Singapore

October 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025
Most Popular

Altcoin Report – RITE +1,659% (30d)

January 22, 2024

The price of Ether Lee is trapped in a slow gear: Will the escape come soon?

February 7, 2025

Binance Introduces Multi-Validator Withdrawal Verification for Corporate Accounts

July 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.