Crypto exchange OKX ceases operations in India by April 30th due to regulatory challenges.

Crypto exchange OKX announces it will cease operations in India by April 30th, asking users to withdraw their funds. The move comes after the Financial Intelligence Unit of the Indian Ministry of Finance issued compliance notices to nine foreign crypto exchanges, including OKX, in December 2021. India's regulatory environment has made it difficult for foreign crypto exchanges to operate, even in a thriving market.