Binance Allegedly Releases Two URLs for Indian Customers to Boycott Ban

• Binance allegedly created various URLs for Indian clients to entry the platform. 
• The crypto trade’s international web site and app are inaccessible to Indian clients. 
• The clampdown follows a regulatory motion by Indian authorities on unlicensed crypto exchanges.

Amid the regulatory clampdown in India, Binance has allegedly created various URLs for patrons to entry the cryptocurrency trade platform with out a VPN. Crypto influencer Keyur Rohit raised these adjustments in a latest publish on the social media platform X (previously Twitter). Rohit posted a snapshot from Binance Confirm confirming that the 2 new URLs are professional web sites related to the crypto trade.

In one other tweet, the influencer shared a supposed dialog between a person and Binance buyer care. Based on the snapshot, the client consultant informed the person they might entry the platform by altering the ‘.com’ to ‘.me’ or ‘.information’. In one other snapshot, a buyer rep confirmed that the web sites are secure to make use of. 

Notably, the event follows a clampdown on offshore cryptocurrency trade platforms by the Indian Finance Ministry’s Monetary Intelligence Unit (FIU). The regulator claims that a number of of the crypto exchanges working within the nation are doing so with out applicable licenses. 

Final December, the FIU issued warnings to the affected crypto exchanges, which embrace Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC World, and Bitfenex. Alongside issues about their unauthorized operations, the regulator famous anti-money laundering violations by these platforms.  

Following the warnings, on January 15, Google eliminated Binance, Kraken, and different overseas cryptocurrency apps from its Play Retailer for Indian clients. The adjustments at Google comply with an analogous motion at Apple, which noticed at the least 9 crypto apps getting banned on its App Retailer in India. 

In the meantime, the FIU had additionally blocked the URLs of the 9 crypto exchanges, successfully making it inconceivable for Indian clients to entry them. The FIU stated the unauthorized platforms supply companies to a considerable variety of Indian clients regardless of their non-compliance.