Crypto exchange OKX is ceasing services for users in India, it said in an email to customers Thursday, advising them to withdraw their funds by April-end. The move follows Apple and Google pulling the eponymous app of OKX in the country after an Indian government agency said many crypto exchanges were operating illegally in the South Asian market. OKX has advised customers in India to close all their active margin positions and withdraw all funds by April 30. The crypto exchange cited "local regulations" for its action. Cryptocurrencies were brought into the ambit of anti-money laundering and counter financing of terrorism framework in India in March last year.
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