💢⛔📉*Booooooooooom*📉♨️⛔

According to Bloomberg, India is moving to block local access to the websites of overseas crypto exchanges like Binance. The Financial Intelligence Unit (FIU) issued "compliance show-cause" notices to several platforms, including Binance, Kraken, KuCoin, and Huobi. The FIU also wrote to the Ministry of Electronics and Information Technology to block the URLs of these nine entities. 

The FIU says these exchanges are operating illegally in India without complying with the local anti-money laundering act. In March 2023, these service providers were brought under the Anti Money Laundering/Counter Financing of Terrorism (AML-CFT) framework under the provisions of the Prevention of Money Laundering Act (PML) Act. 

However, according to Koinly, Binance is legal in India. 

This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best.