India has recently implemented measures to prevent people from accessing offshore crypto exchanges such as Binance, Kucoin, OKX, Gate.io and others. This step was taken after Apple App Store and Android Play Store in India removed these platforms. The Finance Ministry had sent show-cause notices on December 28 accusing several of these exchange companies including Houbi, Kraken,Bittrex ,Gate.io,MEXC Global,and Bitfinex along with the previously mentioned ones of operating illegally within Indian boundaries by neglecting local money laundering regulations taxes laws..

In reaction to these accusations, the finance ministry directed the information technology ministry to restrict access of these platforms by blocking URLs. Consequently, websites have been limited as a result. Despite VPNs being an alternative way for users to still reach exchange websites, caution must be taken due to potential hazards involved in doing so. It's crucially important that using VPNs is not recommended and even Binance has cautioned against their usage since this could increase vulnerability towards hacking attacks among users seeking entry through them .

Binance aimed to alleviate concerns among its Indian user base by sending an email explaining that only those users who try to reach the Binance website, iOS App Store or Play store from within India will experience restrictions.

According to reports, current users of the Binance app are not impacted by the limitations. Binance made it a point to emphasize its adherence to local laws and regulations while also working with regulators for user safety and fostering a strong Web3 sector.