Are Binance & kucoin illegal in India?

With the rapidly evolving landscape of cryptocurrency regulations worldwide, it's crucial to stay informed about the legal status of exchanges like Binance and KuCoin in various countries. Given India's complex stance on digital assets, many investors and enthusiasts alike have raised the question: "Are Binance and KuCoin illegal in India?" This question reflects a genuine concern for the legality of these platforms in a country that has seen its share of regulatory fluctuations. While some countries have embraced cryptocurrency with open arms, India has adopted a more cautious approach, often leading to confusion among those looking to trade on popular exchanges. As such, clarity on the legal status of Binance and KuCoin in India is paramount for investors seeking to navigate the Indian crypto market safely. It's important to understand if these platforms are fully compliant with Indian regulations or if there are any potential risks involved in using them.