applestore
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Metamask has been removed from the Apple Store
#metamask #applestore #cryptocurrency #crypto2023
Metamask has been removed from the Apple Store
#metamask #applestore #cryptocurrency #crypto2023
Apple Removes Binance and Kraken Cryptocurrency Apps from Indian App Store 🚨🚨🚨🚨🚨🚨🚨‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
Several cryptocurrency exchange apps, including Binance and Kraken, have vanished from the Apple App Store in India. This move comes in response to regulatory concerns raised by the Financial Intelligence Unit (FIU), which accused these global firms of operating "illegally" in the country. The FIU issued show cause notices to nine crypto firms, alleging non-compliance with India's anti-money laundering rules. The affected exchanges also include Mexc, Kucoin, Huobi, Gate.io, Bittrex, and Bitfinex.
Many Indian traders have shifted to global cryptocurrency platforms, possibly to evade taxes, as India started taxing virtual currencies last year. This move included a 30% tax on gains and a 1% deduction on each crypto transaction. While India-based exchanges like CoinSwitch Kuber and CoinDCX remain compliant with India’s PMLA requirements, global platforms face challenges in adapting to the country's regulatory landscape. The historical tough stance of India towards cryptocurrencies, including a past ban by the Reserve Bank, continues to shape the regulatory environment.
#etf #IndiaCryptoBan #indiangoverment #Apple.App.Store #applestore $BTC $BNB $XRP
Several cryptocurrency exchange apps, including Binance and Kraken, have vanished from the Apple App Store in India. This move comes in response to regulatory concerns raised by the Financial Intelligence Unit (FIU), which accused these global firms of operating "illegally" in the country. The FIU issued show cause notices to nine crypto firms, alleging non-compliance with India's anti-money laundering rules. The affected exchanges also include Mexc, Kucoin, Huobi, Gate.io, Bittrex, and Bitfinex.
Many Indian traders have shifted to global cryptocurrency platforms, possibly to evade taxes, as India started taxing virtual currencies last year. This move included a 30% tax on gains and a 1% deduction on each crypto transaction. While India-based exchanges like CoinSwitch Kuber and CoinDCX remain compliant with India’s PMLA requirements, global platforms face challenges in adapting to the country's regulatory landscape. The historical tough stance of India towards cryptocurrencies, including a past ban by the Reserve Bank, continues to shape the regulatory environment.
#etf #IndiaCryptoBan #indiangoverment #Apple.App.Store #applestore $BTC $BNB $XRP
🔥🔥Breaking News🛑🛑
#APPLE INDIA REMOVES #BINANCE #kucoin and #OKX APPS FROM #applestore
- Apple India removed offshore crypto exchanges, including @Binance, @Kucoincom, and @okx, from its App Store.
- This action follows a show-cause notice sent by the finance ministry to nine virtual digital asset (VDA) service providers for alleged non-compliance with the country's money laundering laws.
What We Know👇
Finance Ministry's Warning and Show-Cause Notice:
- On December 28, the finance ministry issued a warning and show-cause notice to nine offshore crypto exchanges, including Binance, Kucoin, Houbi, Kraken, Gate[dot]io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
- These exchanges were accused of violating Indian laws by failing to register and adhere to local tax regulations.
Accusations of Legal Violations:
- The accused exchanges were found to be in breach of Indian laws, prompting the finance ministry to instruct the Ministry of Electronics and Information Technology (MeitY) to block their URLs.
- Alleged violations include non-compliance with money laundering laws and failure to adhere to local tax rules.
Absence of Apple's Comment:
- As of now, Apple has not issued any official comments regarding the removal of these apps from its App Store.
- The reasons behind Apple's decision remain undisclosed, sparking curiosity within the crypto community.
- While Apple has taken a decisive stance, the offshore crypto exchange apps are still available on Google's Play Store.
- The future actions of Google in response to Apple's move remain uncertain, leaving room for further developments.
#APPLE INDIA REMOVES #BINANCE #kucoin and #OKX APPS FROM #applestore
- Apple India removed offshore crypto exchanges, including @Binance, @Kucoincom, and @okx, from its App Store.
- This action follows a show-cause notice sent by the finance ministry to nine virtual digital asset (VDA) service providers for alleged non-compliance with the country's money laundering laws.
What We Know👇
Finance Ministry's Warning and Show-Cause Notice:
- On December 28, the finance ministry issued a warning and show-cause notice to nine offshore crypto exchanges, including Binance, Kucoin, Houbi, Kraken, Gate[dot]io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
- These exchanges were accused of violating Indian laws by failing to register and adhere to local tax regulations.
Accusations of Legal Violations:
- The accused exchanges were found to be in breach of Indian laws, prompting the finance ministry to instruct the Ministry of Electronics and Information Technology (MeitY) to block their URLs.
- Alleged violations include non-compliance with money laundering laws and failure to adhere to local tax rules.
Absence of Apple's Comment:
- As of now, Apple has not issued any official comments regarding the removal of these apps from its App Store.
- The reasons behind Apple's decision remain undisclosed, sparking curiosity within the crypto community.
- While Apple has taken a decisive stance, the offshore crypto exchange apps are still available on Google's Play Store.
- The future actions of Google in response to Apple's move remain uncertain, leaving room for further developments.
