OKX was among the nine foreign crypto exchanges blocked in India after the local regulators issued compliance notices.
OKX cryptocurrency exchange is closing its services in India nearly three months after the Financial Intelligence Unit (FIU) of the Indian Ministry of Finance issued compliance notices to nine foreign crypto exchanges.
In a notice sent to Indian users on March 21, OKX asked users to close their accounts and redeem funds before April 30. The crypto exchange cited local regulatory hurdles as the key reason behind the decision.
The FIU requested the Ministry of Electronics and Information Technology block the websites of the notified crypto exchanges within two weeks of the notice.
