Cryptocurrency Q&A
Why did Apple remove crypto exchanges from Indian App Store?
Why did Apple remove crypto exchanges from Indian App Store?
DigitalLord
Mon Jan 27 2025
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7
answers
1506
I've noticed that Apple has recently removed crypto exchanges from the Indian App Store. I'm curious to know the reason behind this decision, as it seems to have caused some controversy in the crypto community.
7 answers
GeishaCharm
Wed Jan 29 2025
Apple has taken a significant step by removing access to major cryptocurrency exchanges from the Indian App Store.
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LucyStone
Wed Jan 29 2025
Domestic cryptocurrency exchanges in India, however, have not been affected by this decision.
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Daniela
Wed Jan 29 2025
This decision comes after the Financial Intelligence Unit (FIU) of India issued a warning regarding foreign crypto exchanges.
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MichaelSmith
Wed Jan 29 2025
The FIU had expressed concerns that these foreign exchanges were violating money laundering regulations in the country.
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Margherita
Wed Jan 29 2025
As a result of this warning, Apple has decided to comply with Indian regulations and restrict access to these exchanges.
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