Apple Removes Crypto Apps from App Store in India Amid Government Crackdown

Indian Traders Turn to Global Platforms to Avoid Taxes, Local Exchanges Respond with Incentives

Apple has removed several cryptocurrency apps, including Binance and Kraken, from its App Store in India following a crackdown by the Indian government.
The Indian government has accused these offshore crypto exchanges of operating illegally in the country and not complying with India's anti-money laundering laws.
Despite the removal from Apple's App Store, these apps are still available on Google's Play Store and their websites are still accessible in India.
Many Indian traders have switched to these global platforms to avoid the 30% tax on crypto earnings and 1% tax on all transactions imposed by the Indian government.
Indian crypto exchanges like CoinDCX are trying to capitalize on this situation by offering incentives for users to transfer their crypto assets from global exchanges to their platforms.