
On March 21, OKX, a tier-one cryptocurrency exchange, announced the termination of its services in India, instructing users to withdraw their funds by April 30. The decision comes in the wake of a notice from the Financial Intelligence Unit (FIU) of India, which targeted nine foreign crypto exchanges. Despite efforts to comply with Know Your Customer (KYC) regulations, OKX has faced regulatory challenges in India. The exchange, recognized as the second largest offshore exchange, has been affected nearly three months after the FIU's notice. Users are urged to close their accounts and redeem funds before the specified deadline.









🚨 Crypto exchange OKX to end services in India.
Crypto exchange @okx says it is ending services to India and customers in the country have until April 30 to close their positions. @camomileshumba reports https://t.co/rhdvDentEk
⚠️ @okx shuts down services in India amid regulatory hurdles. Users are urged to withdraw funds by April 30. https://t.co/SeIvBoSrg4