2024-01-13 14:59:43
India blocked access to the websites of several virtual digital asset platforms and service providers on Friday, local media reported on Saturday.
This measure follows show cause notices issued on December 28 by the Financial Intelligence Unit, under the country’s Ministry of Finance, to 9 platforms under the Prevention of Money Laundering Act.
These platforms, although aimed at a substantial part of Indian users, were not registered with the Unit and did not fall under the anti-money laundering framework, according to the same source.
In a publication on its account on the social network to access the Indian iOS App Store or the Binance website from India.
The platform further indicated that it remains committed to complying with local regulations and laws and maintains active communication with regulators to ensure the protection of users and the development of a healthy Web3 industry.
“The current situation is not unique to Binance and also affects other players in the Web3 industry,” the platform added, assuring that “all user funds are safe.”
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