OKX Exits Indian Market Over Regulatory Concerns

IndustryTrends

OKX, a leading cryptocurrency exchange, has ceased operations in India

The move was prompted by a regulatory crackdown, with compliance notices issued to foreign exchanges

Indian users have been instructed to withdraw funds and close accounts by April 30

Local exchanges like CoinDCX and WazirX are seizing the opportunity to attract displaced users

The situation underscores the regulatory uncertainty that continues to challenge the crypto industry in India

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