On March 21, OKX, a tier-one cryptocurrency exchange, announced the termination of its services in India, instructing users to withdraw their funds by April 30. The decision comes in the wake of a notice from the Financial Intelligence Unit (FIU) of India, which targeted nine foreign crypto exchanges. Despite efforts to comply with Know Your Customer (KYC) regulations, OKX has faced regulatory challenges in India. The exchange, recognized as the second largest offshore exchange, has been affected nearly three months after the FIU's notice. Users are urged to close their accounts and redeem funds before the specified deadline.
🚨 Crypto exchange OKX to end services in India.
Crypto exchange @okx says it is ending services to India and customers in the country have until April 30 to close their positions. @camomileshumba reports https://t.co/rhdvDentEk
⚠️ @okx shuts down services in India amid regulatory hurdles. Users are urged to withdraw funds by April 30. https://t.co/SeIvBoSrg4
Crypto exchange OKX ceases services in India https://t.co/QSTYMmSLXr
Crypto exchange OKX ceases services in India: https://t.co/T357blkHIH by TechCrunch #infosec #cybersecurity #technology #news
.@okx terminates services in India, asks users to withdraw funds by April 30. https://t.co/AYMHavIjZs https://t.co/8XKMhbQdhp
OKX TO ABANDON USERS IN INDIA - WITHDRAW FUNDS BY APRIL 30TH - Tier-one cryptocurrency exchange @OKX has today alerted Indian users that it is, as of now, terminating services in the country. - The news comes just a few months after Indian authorities accused 9 crypto exchanges… https://t.co/1qwYy1ssMc https://t.co/yYi4lWOrwb
🇮🇳 #OKX is closing its services in India, asking users to close accounts by April 30, due to regulatory hurdles. This follows a notice from India's FIU to nine foreign crypto exchanges. Despite efforts to comply with KYC, OKX faces challenges navigating India's crypto…
📣 Latest News: OKX terminates services in India, asks users to withdraw funds by April 30 #news #cryptonews #crypto
OKX, the second largest offshore exchange, notified its Indian users on March 21, asking them to close their accounts and redeem funds before April 30, nearly three months after the Financial Intelligence Unit (FIU), an arm of the Indian Finance Ministry, issued a notice of…
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🚨JUST IN: @OKX TERMINATES SUPPORT FOR USERS IN INDIA
🚨 We urge users of https://t.co/omDeOAHfqV to withdraw any remaining funds from the platform as soon as possible. https://t.co/omDeOAHfqV has been sunsetted. After March 31, 2024, withdrawals will require running personal sequencers. Withdraw now: https://t.co/SzaaxKoS76