Binance, Kraken Apps Removed from App Store in India: Implications for Pullix

In a significant development in the Indian cryptocurrency market, Apple has removed the apps of several major cryptocurrency exchanges, including Binance and Kraken, from its App Store in India. This move comes just over a week after the Indian government issued warnings to these cryptocurrency exchanges for non-compliance.

Apple’s App Store Purge

The apps of Binance, Kraken, MEXC, and Kucoin are among the eight that are no longer available in Apple’s App Store in India. This action follows a warning issued by the finance ministry to nine companies dealing with virtual currencies, accusing them of breaking the law in India because they didn’t register and obey local tax rules. The finance ministry had also instructed the IT ministry to block these websites.

However, the apps are still listed on Google Play Store for Android phones, and the websites of these exchanges remain accessible within the country. If the cause for the removal is the same, Google might also follow suit and delist the nine crypto apps from the Play Store.

Implications for Pullix

In the midst of this regulatory turmoil, the new exchange platform Pullix (PLX) continues to see great traction during its presale. Pullix is a hybrid exchange, offering users access not just to liquidity, but also to all the robust security features that make top CEX platforms the industry’s choice.

The removal of major exchange apps from the App Store could potentially drive more users towards Pullix. As traders look for alternatives, Pullix’s continued presence and accessibility could make it an attractive option. Furthermore, the platform’s hybrid nature, combining the benefits of both centralized and decentralized exchanges, could appeal to traders seeking both security and liquidity.


Regulatory Scrutiny and the Future of Crypto in India

The removal of these apps underscores the ongoing regulatory scrutiny faced by cryptocurrency platforms in India. The Indian government has been tightening its grip on the crypto industry, with the finance ministry issuing show-cause notices to nine crypto firms last month for non-compliance with India’s anti-money laundering rules.

In 2021, it introduced taxes on virtual currencies, including a 30% tax on gains and a 1% tax deducted from each transaction. This has led many Indian traders to shift to global platforms, potentially to navigate the tax implications.

Despite the regulatory challenges, the Indian crypto market continues to thrive. Traders are increasingly shifting to global platforms, potentially to navigate the tax implications imposed by the Indian government. The emergence of new platforms like Pullix could help unlock more for the market, offering alternatives to traders and potentially reshaping global market interactions.


While the removal of Binance and Kraken apps from the App Store in India represents a significant development in the country’s crypto landscape, it also opens up opportunities for new platforms like Pullix to gain traction and establish themselves in the market.

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