After Apple India, Google also delisting Binance, Kraken from Play Store
Days after Apple pulled a similar move on the App Store, Google is also removing exchanges including Binance and co. from Play Store.
Days after Apple pulled a similar move on the App Store, Google is also removing exchanges including Binance and co. from Play Store.
After India’s FIU issued notices against the offshore exchanges for not acquiring licenses to operate locally, it pressured Apple to delist their apps.
India's FIU issued 'compliance show cause' orders to nine digital asset exchanges alleging them of "operating illegally without complying" with the Prevention of Money Laundering Act."
The Financial Intelligence Unit has partnered with South Korea’s five leading exchanges to solicit reports on any unlicensed exchanges, after which it “plans to take necessary measures.”
Lee Yoon-soo, head of the Financial Intelligence Unit, said the agency will improve its analysis of financial information linked to digital asset-related crime.
Estonia has been getting tough with virtual asset service providers, resulting in 200 firms withdrawing their license applications as a similar number was rejected by the regulator.
Paycoin, whose token is used in South Korea for payments, was ordered to secure a bank partner or have its services suspended by February 5—it chose the former.
Both the Financial Services Commission (FSC) and the Financial Intelligence Unit (FIU) are pushing for the listing of new tokens to be removed from the purview of digital asset exchanges.
The FSC said that the unregistered exchanges were brought to its notice by its sub-unit responsible for overseeing the registration of digital assets exchanges—the Korea Financial Intelligence Unit.
Legislation introduced in the country imposed a deadline on September 24 for the registration of any digital currency exchange that wishes to continue to do business in the country.
Upbit submitted the business report that exchanges are required to file with South Korea’s FIU, upon completing real-name verification and partnering with a bank.
Peru’s Financial Intelligence Unit has been studying the industry in the past few months and seeks to use its findings to formulate regulations for digital currencies.