Apple removes Binance, OKX and Kucoin from App Store in India.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Quote from: libert19 on January 22, 2024, 12:34:56 AM

I can open stake.com with Jio. What error message did you receive?

I don't know because when it happened, I quickly switched over to Airtel. I got the default message the website cannot be accessed.

Quote from: libert19 on January 22, 2024, 12:34:56 AM

Crypto casinos are probably out of their radar for now, once their eyes fall on those, we'll see things getting tightened around them too.

I think so that crypto casino is out of their radar, still the ways things are shaping for crypto in India they will go after them in the future.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: pakhitheboss on January 21, 2024, 08:53:27 AM

Has anyone tried accessing Stake.com while using JIO? This is something I recently found out - I was surprised that Mukesh Ambani would go to such lengths. I was trying to place a bet yesterday on the South African T20 league, earlier I had switched to JIO as the network of my Airtel connection was not that good. I without checking which network provider I was using I went ahead to access Stake. Unfortunately, it did not open and it gave a weird message to which I got confused. I tried a few times and eventually, I gave up and then shifted to Airtel and it worked. Today before writing this post I saw that I was able to get access to the site. Has anyone else faced the same issue if yes then is it something happening continuously?

I can open stake.com with Jio. What error message did you receive?

Quote

If you have not faced such an issue then why the government is encouraging gambling and betting with cryptocurrency? Why not apply AML policy against these casinos which are known for money laundering? I sometimes feel that this government is only concerned about its tax collection and not concerned about the middle class which is being squeezed to its lowest level.

Crypto casinos are probably out of their radar for now, once their eyes fall on those, we'll see things getting tightened around them too.

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

Quote from: libert19 on January 19, 2024, 07:51:16 PM

Bureau is referring to Airtel and Jio as ISPs not payment methods.

Thank you.

Quote from: pakhitheboss on January 21, 2024, 08:53:27 AM

Has anyone tried accessing Stake.com while using JIO? This is something I recently found out - I was surprised that Mukesh Ambani would go to such lengths. I was trying to place a bet yesterday on the South African T20 league, earlier I had switched to JIO as the network of my Airtel connection was not that good. I without checking which network provider I was using I went ahead to access Stake. Unfortunately, it did not open and it gave a weird message to which I got confused. I tried a few times and eventually, I gave up and then shifted to Airtel and it worked. Today before writing this post I saw that I was able to get access to the site. Has anyone else faced the same issue if yes then is it something happening continuously?

It could have just been a one time technical error that you might not be able to reproduce.

Quote from: pakhitheboss on January 21, 2024, 08:53:27 AM

If you have not faced such an issue then why the government is encouraging gambling and betting with cryptocurrency?

Does it encourage gambling using crypto? That's surprising.

Quote from: pakhitheboss on January 21, 2024, 08:53:27 AM

Why not apply AML policy against these casinos which are known for money laundering? I sometimes feel that this government is only concerned about its tax collection and not concerned about the middle class which is being squeezed to its lowest level.

That's what Governments do. Always fucking up the marginalized.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Quote from: libert19 on January 19, 2024, 07:51:16 PM

Bureau is referring to Airtel and Jio as ISPs not payment methods.

Has anyone tried accessing Stake.com while using JIO? This is something I recently found out - I was surprised that Mukesh Ambani would go to such lengths. I was trying to place a bet yesterday on the South African T20 league, earlier I had switched to JIO as the network of my Airtel connection was not that good. I without checking which network provider I was using I went ahead to access Stake. Unfortunately, it did not open and it gave a weird message to which I got confused. I tried a few times and eventually, I gave up and then shifted to Airtel and it worked. Today before writing this post I saw that I was able to get access to the site. Has anyone else faced the same issue if yes then is it something happening continuously?

If you have not faced such an issue then why the government is encouraging gambling and betting with cryptocurrency? Why not apply AML policy against these casinos which are known for money laundering? I sometimes feel that this government is only concerned about its tax collection and not concerned about the middle class which is being squeezed to its lowest level.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: JeromeTash on January 19, 2024, 04:38:21 PM

Quote from: Bureau on January 14, 2024, 01:25:12 AM

Today morning I checked the urls of Binance, Kucoin and OKX using both Jio and Airtel and I can still see the homepage. I guess they are not yet blocked in certain states. I feel as Google removed them from Play Store they would get blocked in a phased manner. I am still able to access Binance app on my mobile. They might block them too if the issue doesn't get resolved.

Are both Airtel and Jio fiat deposit and withdrawal methods for Indian users?

If yes, then they are regarded as financial services or banks by any central bank authority in India. What I know might happen if they (binance and the Indian government) do not come to a resolution, then the central bank will instruct all money transfer services not cooperate with the blacklisted exchanges and monitor any transactions coming from the exchanges.

Bureau is referring to Airtel and Jio as ISPs not payment methods.

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

Quote from: Bureau on January 14, 2024, 01:25:12 AM

Today morning I checked the urls of Binance, Kucoin and OKX using both Jio and Airtel and I can still see the homepage. I guess they are not yet blocked in certain states. I feel as Google removed them from Play Store they would get blocked in a phased manner. I am still able to access Binance app on my mobile. They might block them too if the issue doesn't get resolved.

Are both Airtel and Jio fiat deposit and withdrawal methods for Indian users?

If yes, then they are regarded as financial services or banks by any central bank authority in India. What I know might happen if they (binance and the Indian government) do not come to a resolution, then the central bank will instruct all money transfer services not cooperate with the blacklisted exchanges and monitor any transactions coming from the exchanges.

Bureau

sr. member

Activity: 490

Merit: 279

Today morning I checked the urls of Binance, Kucoin and OKX using both Jio and Airtel and I can still see the homepage. I guess they are not yet blocked in certain states. I feel as Google removed them from Play Store they would get blocked in a phased manner. I am still able to access Binance app on my mobile. They might block them too if the issue doesn't get resolved.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: JeromeTash on January 13, 2024, 04:26:22 PM

I just got to know the news of these removals both on App Store and playstore today because it was trending on X (formerly known as Twitter). What I would like to inquire from the Indian users is what is Binance and other exchanges' stand towards the actions by the Indian Government?

Have they issued out any notices about stopping to cooperate with Indian users in the future yet?

As far as I can see only Binance and Kucoin have issued statement regarding this url/app ban, cmiiw, but nothing in particular that they will stop co-operation with Indian users, your funds are safe if they are on our exchange and they'll comply to maintain their services.

Update from Binance (already mentioned in previous responses): https://twitter.com/BinanceDesi/status/1744995162957513194?s=20

Update from Kucoin: https://twitter.com/KucoinIndia/status/1745860129696924133

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

I just got to know the news of these removals both on App Store and playstore today because it was trending on X (formerly known as Twitter). What I would like to inquire from the Indian users is what is Binance and other exchanges' stand towards the actions by the Indian Government?

Have they issued out any notices about stopping to cooperate with Indian users in the future yet?

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

Quote from: Bureau on January 13, 2024, 12:28:13 PM

Quote from: libert19 on January 13, 2024, 10:24:50 AM

Quote from: pakhitheboss on January 13, 2024, 07:38:43 AM

Rather than helping the middle class, the government keeps on screwing it for its benefit.

What screwing? Although I agree they should make tax rates reasonable otherwise this decision merely brings offshore traders back to Indian exchanges and it did [1], tell me if i'm missing something.

Quote

There was an article published by the Economic Times that URLs of these exchanges have been blocked. It seems they are still accessible for now and in the coming days, they will get blocked.

Already blocked from my side, I use Jio.

[1] Binance Loses India Traders to Local Firms It Recently Dominated

As expected the conclusion to this issue would be not good. The government would now realize how much they made this issue worse in the future. It is almost certain that not many exchanges from that list would comply with them. Kucoin and OKX have said anything about this shadow ban or any other exchange like Binance did as soon as they got blocked by Apple. I guess it will be only Binance that might comply and how long it will take is uncertain.

Binance might bow down to the government but if it does then we need to understand what would be the government's requirement? I am sure government is doing this to make them comply on applying the exorbitant taxes which should be directed to them and if Binance or any other exchange complies with that then it doesn't make them different than CoinDCX, CoinSwitch or any other Indian exchange who are at brink of closure as users have shifted to other international exchanges due to this justifying taxes and people will just stop using them. This current Indian government is a curse to common people and Indian users don't have much options at the moment.

Bureau

sr. member

Activity: 490

Merit: 279

Quote from: libert19 on January 13, 2024, 10:24:50 AM

Quote from: pakhitheboss on January 13, 2024, 07:38:43 AM

Rather than helping the middle class, the government keeps on screwing it for its benefit.

What screwing? Although I agree they should make tax rates reasonable otherwise this decision merely brings offshore traders back to Indian exchanges and it did [1], tell me if i'm missing something.

Quote

There was an article published by the Economic Times that URLs of these exchanges have been blocked. It seems they are still accessible for now and in the coming days, they will get blocked.

Already blocked from my side, I use Jio.

[1] Binance Loses India Traders to Local Firms It Recently Dominated

As expected the conclusion to this issue would be not good. The government would now realize how much they made this issue worse in the future. It is almost certain that not many exchanges from that list would comply with them. Kucoin and OKX have said anything about this shadow ban or any other exchange like Binance did as soon as they got blocked by Apple. I guess it will be only Binance that might comply and how long it will take is uncertain.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: pakhitheboss on January 13, 2024, 07:38:43 AM

Rather than helping the middle class, the government keeps on screwing it for its benefit.

What screwing? Although I agree they should make tax rates reasonable otherwise this decision merely brings offshore traders back to Indian exchanges and it did [1], tell me if i'm missing something.

Quote

There was an article published by the Economic Times that URLs of these exchanges have been blocked. It seems they are still accessible for now and in the coming days, they will get blocked.

Already blocked from my side, I use Jio.

[1] Binance Loses India Traders to Local Firms It Recently Dominated

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Quote from: libert19 on January 13, 2024, 06:04:21 AM

I just searched on play store; binance and kucoin has been removed.

All of them have been blocked not only the three you have mentioned. This is getting worse as the month progresses, I am not happy with what is happening in India. Rather than helping the middle class, the government keeps on screwing it for its benefit. There was an article published by the Economic Times that URLs of these exchanges have been blocked. It seems they are still accessible for now and in the coming days, they will get blocked.

libert19

hero member

Activity: 2520

Merit: 952

Quote from: Bureau on January 10, 2024, 09:30:51 PM

Binance yesterday accepted that the present issue of its app being blocked in India on the Apple store is related to the AML requirement. They are now willing to cooperate with the government of India and adhere to all regulations. This is an indication that if the Indian government asks for user details Binance will provide the information. I do not think that it will affect other Indian users in regards to tax or TDS as Binance does not operate on Indian soil. You can read the full statement on their X.com handle.

https://x.com/BinanceDesi/status/1744995162957513194?s=20

I'd like it if Binance were to follow all regulations as local exchanges, including TDS and continue to operate in India, convenience Binance brings is unparalleled by any other exchange.

BTW, here is what Binance said about VPN use: https://www.talkimg.com/image/3ztqW

Source: https://twitter.com/BinanceHelpDesk/status/1745909568981402043

Quote from: Ravichnadra on January 12, 2024, 05:06:01 AM

Quote from: God bless u on January 11, 2024, 09:11:44 AM

Quote from: Ravichnadra on January 11, 2024, 06:43:54 AM

Well, that's pretty sad news.
But does it affect Andriod users too?

So far Android users are safe..

Thank you ! I was afraid that even android will get hit up. I

I just searched on play store; binance and kucoin has been removed.

Ravichnadra

jr. member

Activity: 56

Merit: 3

Quote from: God bless u on January 11, 2024, 09:11:44 AM

Quote from: Bureau on January 10, 2024, 05:13:03 AM

Bad news coming for those who have been trading on Binance, OKX, and Kucoin. Apple has removed these three exchange apps from its app store, the news that is being circulated in the mainstream media says that the move comes days after nine offshore virtual digital asset services providers were sent show-cause notices for AML. The blocking orders were sent 10 days back to Apple however they are still showing on Google Play Store. I did check that the Binance app is working fine on my mobile phone and I think it would be a good idea for anyone who has funds in the Binance wallet to transfer them to a personal wallet.

It is to suggest people to keep their funds in their personal wallets because exchanges are not safe at all. but so many people are regularly trading in these platforms. they can't just simply withdraw their funds to their wallets like that. and I think you are a bit over acting. even if these apps are removed from apple app store and now have risk of getting removed from google app store, there is still no reason to rush and withdraw your money. these exchanges are not just apps. don't forget that they have their websites also. Everyone can easily login to their accounts using a pc or laptop and continue using them freely. i don't think it is good to raise tension like that.

Quote from: Ravichnadra on January 11, 2024, 06:43:54 AM

Well, that's pretty sad news.

But does it affect Andriod users too?

So far Android users are safe..

Thank you ! I was afraid that even android will get hit up. I

Bureau

sr. member

Activity: 490

Merit: 279

Quote from: kentrolla on January 11, 2024, 11:30:34 AM

As of now it hasn't affected the Android users but removal is these exchanges from App store is enough to send a fear wave. This leaves a possibility of removal from play store as well and Android users will be affected if this happens.

But I think some sort of agreement will be reached between the government and these exchanges because Indians will be in difficult situation as they would miss out on possible bull run if this is not sorted.

If these exchanges do not come into agreement with the government then the issue would escalate. Those exchanges that have KYC requirements won't object to the government condition and those that have a good user base like Binance, Kucoin, and OKX. My question is can the government go after DEX or centralized exchanges that do not have a strict KYC policy next? If they think AML is happening through the centralized exchanges it can happen through DEX too. How will they do it? The situation is going to get worse as per my understanding. There are still multiple ways a launderer can launder money into India without any issue.

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

As of now it hasn't affected the Android users but removal is these exchanges from App store is enough to send a fear wave. This leaves a possibility of removal from play store as well and Android users will be affected if this happens.

But I think some sort of agreement will be reached between the government and these exchanges because Indians will be in difficult situation as they would miss out on possible bull run if this is not sorted.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Quote from: Ravichnadra on January 11, 2024, 06:43:54 AM

Well, that's pretty sad news.

But does it affect Andriod users too?

As for now it is not affecting new users as this stand of government authority only affect a newbie. By the way they are working upon it would in coming days affect those who are using those exchanges. Unless they don't agree with the rule of law, which I expect some of them would agree.

I meant those exchanges that have mandatory KYC implemented. Exchange like MEXC global would care a dam about regulation as they are still operating without KYC mandatory. I doubt they will ever care about it as they operate with the lowest exchange fees. I am not referring to withdrawal fees, I am referring to trading fee that is way more less than other centralized exchanges.

God bless u

full member

Activity: 280

Merit: 110

Eloncoin.org - Mars, here we come!

Quote from: Bureau on January 10, 2024, 05:13:03 AM

Bad news coming for those who have been trading on Binance, OKX, and Kucoin. Apple has removed these three exchange apps from its app store, the news that is being circulated in the mainstream media says that the move comes days after nine offshore virtual digital asset services providers were sent show-cause notices for AML. The blocking orders were sent 10 days back to Apple however they are still showing on Google Play Store. I did check that the Binance app is working fine on my mobile phone and I think it would be a good idea for anyone who has funds in the Binance wallet to transfer them to a personal wallet.

It is to suggest people to keep their funds in their personal wallets because exchanges are not safe at all. but so many people are regularly trading in these platforms. they can't just simply withdraw their funds to their wallets like that. and I think you are a bit over acting. even if these apps are removed from apple app store and now have risk of getting removed from google app store, there is still no reason to rush and withdraw your money. these exchanges are not just apps. don't forget that they have their websites also. Everyone can easily login to their accounts using a pc or laptop and continue using them freely. i don't think it is good to raise tension like that.

Quote from: Ravichnadra on January 11, 2024, 06:43:54 AM

Well, that's pretty sad news.

But does it affect Andriod users too?

So far Android users are safe..

Ravichnadra

jr. member

Activity: 56

Merit: 3

Well, that's pretty sad news.

But does it affect Andriod users too?

Topic: Apple removes Binance, OKX and Kucoin from App Store in India. (Read 278 times)