Tag: binance app

Govt Asks Apple to Remove Crypto Apps Including Binance From Local App Store
Technology

Govt Asks Apple to Remove Crypto Apps Including Binance From Local App Store

[ad_1] The Indian government stepped up its crackdown on offshore crypto exchanges operating without local registrations, asking Apple Inc. to take the apps of platforms including Binance off its App Store in the country. Bitfinex, HTX and Kucoin are among eight exchanges whose apps are no longer available on the App Store in India. They were removed on directions from the Ministry of Electronics and Information Technology, according to people with knowledge of the matter who asked not to be identified because the request isn't public. The move marks a significant escalation of India's clampdown on offshore crypto platforms like Binance, which started Dec. 28 when authorities notified nine exchanges that they are suspected of misconduct. Indian crypto traders had already began moving de...
Crypto Traders Flee India Exchanges to Binance to Escape Tax
Technology

Crypto Traders Flee India Exchanges to Binance to Escape Tax

[ad_1] Binance Holdings Ltd.’s billionaire Chief Executive Officer Changpeng Zhao is tightening his grip on India’s market for cryptocurrency trading in the fallout from a major tax change. Binance Holdings Ltd.'s billionaire Chief Executive Officer Changpeng Zhao is tightening his grip on India's market for cryptocurrency trading in the fallout from a major tax change.Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX, data from market intelligence firm Sensor Tower show. Only Binance among the top exchanges achieved higher downloads in India compared with July. The operator of the world's largest crypto exchange stands out in a market where riva...