Websites of top crypto exchanges like Binance, Kucoin blocked in India
This comes after the government sent show-cause notices to these crypto exchanges for not complying with the country's money laundering laws.
This comes after the government sent show-cause notices to these crypto exchanges for not complying with the country's money laundering laws.
It also told the information technology ministry to block their URLs for operating illegally in the country without complying with the local money laundering laws.
Apart from Binance, notices have been issued to Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
Zhao was released last week on a $175 million bond and has a sentencing hearing on February 23.
itcoin slipped back nearly $30,000 per token after the news emerged late on Friday, which was first reported by the Wall Street Journal.
A day after suing crypto exchange Binance, the US Securities and Exchange Commission (SEC) on Wednesday charged Coinbase with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.
The US Commodity Futures and Trading Commission (CFTC) on Monday sued leading blockchain and cryptocurrency platform Binance for allegedly breaking trading and derivatives rules, media reports said.
Binance CEO Changpeng Zhao has stated that the company is targeting to hire 8,000 people by the end of the year.
As cryptocurrency-focused venture capital firms have raced to India over the past two years, Binance CEO Changpeng Zhao has said that the crypto exchange does not see India as a viable business opportunity.
World's largest crypto exchange Binance on Thursday took a U-turn on acquiring its rival FTX, saying it was backing out of the deal after reviewing the company's finances, leading to further fall in major cryptocurrencies.