Cryptocurrency Q&A
Is Kraken banned in India?
Is Kraken banned in India?
GwanghwamunPride
Wed Oct 16 2024
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7 answers
1805
I am from India and I heard some rumors that Kraken might be banned in our country. I am wondering if this is true or not, as I was planning to use their services. Can anyone confirm the status of Kraken in India?
7 answers
EnchantedPulse
Fri Oct 18 2024
Among the exchanges that found themselves on the blacklist were industry giants such as Binance and Kucoin, which had previously enjoyed widespread popularity and trust among traders worldwide.
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MysticStar
Fri Oct 18 2024
At the dawn of 2024, India took a decisive step towards regulating the cryptocurrency landscape within its borders. The government, citing concerns over non-compliance with anti-money laundering regulations, imposed a ban on nine prominent cryptocurrency exchanges.
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NavigatorEcho
Thu Oct 17 2024
Bitstamp, a long-standing player in the industry, was also affected by the ban, signaling a shift in the regulatory landscape that would impact both established and emerging exchanges alike.
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Martina
Thu Oct 17 2024
MEXC Global, Bittrex, and Bitfenix, all of which had garnered a significant user base, were also included in the list of exchanges prohibited from operating in India.
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CryptoTitaness
Thu Oct 17 2024
Huobi, another well-known platform, was also included in the list of banned exchanges, highlighting the severity of India's stance on ensuring compliance with its financial regulations.
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