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Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by EcoBrick: 7:41pm On Mar 22 |
Major Crypto Exchange OKX shuts down in India, advices users to withdraw all funds OKX announcement came after Apple and Google removed several crypto apps from their stores. India’s Financial Intelligence Unit (FIU) recently flagged these crypto exchanges as operating illegally in the country. In December last year, the Indian FIU issued “compliance Show Cause Notices” to nine offshore crypto service providers. The Indian Ministry of Finance shared at the time that 31 crypto service providers had registered with the FIU. OKX crypto exchange was not one of the crypto exchanges that registered with the FIU. What to Know In India, Cryptocurrencies are not regulated. The finance minister Nirmala Sitharaman explained that crypto assets cannot be currencies which is why they are yet to be regulated in India. At the G20 meeting that India hosted last year, the country made a case for a global framework for regulating cryptocurrencies citing the various challenges that will emerge if only one or two countries regulate it. OKX has over 50 million global users with India being one of its main markets. https://nairametrics.com/2024/03/22/major-crypto-exchange-okx-shuts-down-in-india-advices-users-to-withdraw-all-funds/ 39 Likes 4 Shares
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Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Namaster: 7:44pm On Mar 22 |
All crypto companies have a DARKER side to them. I'm starting to think it comes with the territory. Few of them can stand up to a close scrutiny. The moment standardized regulations are implemented for the crypto market, a lot of them would crumble. Lots of them are run by criminals or cater to criminals. First, it was FTX who embezzled people's money. Then Binance was fined OVER $4B for money laundering. Now rather than comply with simple government policies, OKX chose to withdraw from India. If you make money and your processes are above board, why would you RUN from government scrutiny? 78 Likes 8 Shares |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by RenaissanceGuy: 7:51pm On Mar 22 |
Crypto is the future of money, but the road to that destination will be tortuous, but overall, worth it at the end. 18 Likes 3 Shares |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Elliotwaveforec: 8:55pm On Mar 22 |
Nigerians flocking to okx and bybit, watch your back! If you want to speculate on the global financial markets, go learn technical analysis and join regulated brokers; do away with crypto exchanges. You can even speculate on cryptos through brokers, along with Gold, Silver, palladium, indices, and currencies. I know because of mental laziness, you wouldn't learn technical analysis but opt for less stressful spot trading - buy and relax like a retiree. Come on, use your young brain and study charts to predict the direction of the markets and make money for yourself. They don't want the hard work of studying charts but prefer the executive (lazy) style of trading. 67 Likes 7 Shares |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Laple0541(m): 5:55am On Mar 23 |
Crypto seems to be loosing it nearly everywhere. 4 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by SenecaTheYonger: 5:56am On Mar 23 |
Everybody don dey follow Nigerian way. Be like OKX dominates in India like Binanace in Nigeria 14 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Ayobeck(m): 5:57am On Mar 23 |
Elliotwaveforec: Pls explain this very well,,come down to our level..dis ur explanation is too crazy n hard to understand..thank u boss 5 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by edenex: 5:58am On Mar 23 |
Elliotwaveforec: Making money in trading no be by suffer head technical analysis. So many hungry forex coaches who know all the price action in the world but cant flaunt a 5kusd trading account which is a small thing in the crypto space Crypto has produced millions of rich people more than suffer head technical analysis and retail forex trading will ever produce. I made a fortune in crypto after leaving fx which had given nothing after a decade of studying charts Dey your lane. Make we dey our lane. There is nothing like lazy buying and selling. All na trading as long as it pays the bills Not everyone must trade like a hedge fund on wall street 111 Likes 9 Shares |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Goalnaldo(m): 6:03am On Mar 23 |
Two of the worst places to lose customers as crypto exchange is India and Nigeria because of their huge population. 14 Likes 3 Shares |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by DesChyko: 6:08am On Mar 23 |
Elliotwaveforec: You know nothing about crypto. This gave you away. The same was said about brick and mortar way of doing things yesteryears, but guess which pays more now? Move with the times, Chief. 28 Likes 2 Shares |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by DenreleDave(m): 6:12am On Mar 23 |
Whalaha whalaha whalaha.. So OKx quitted because they don't want to comply with the local laws.... Are they doing shady business? Tinubu has brought this upon India according to our rodents on twitter Cc; AlhajiCSO what can you say about this? Have u called Fbi Cia mossad and mi16 32 Likes |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by DenreleDave(m): 6:13am On Mar 23 |
edenex: Boss can u recommend a coin one can buy for long term gain 30 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Real2088: 6:14am On Mar 23 |
Elliotwaveforec: Please how do I learn? |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Nahunger(m): 6:16am On Mar 23 |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by edenex: 6:18am On Mar 23 |
DenreleDave: Just check for new projects that have serious VC backing. E.g early stage investing in coins backed by binance labs. You can find them online 7 Likes |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by NaijaCover(m): 6:37am On Mar 23 |
Inukwa ooooo |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Inspirer1: 6:37am On Mar 23 |
Namaster:Money laundering is not a new terminology, so the money that has been laundered years before now passed through where? How many times have we heard of banks being fined for money laundering but only individuals who did the act. Governments should rather go against individuals who engaged in money laundering. 3 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by everythingtall3: 6:39am On Mar 23 |
If you are planning to start crypto in 2024, na your money those small boys go take buy benze 5 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Seunpapa65: 6:42am On Mar 23 |
I see pi shocking the world 3 Likes 2 Shares |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by NPFLADMIN(m): 6:45am On Mar 23 |
Hope nothing go do Forex sha? Me still dey learn it. Anyways, Abeg anyone fit dash me 17k. Make God use you. Check my sig for my akkant. 1 Like |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Stevengold(m): 6:46am On Mar 23 |
Hmmmm |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by sofeo(m): 6:54am On Mar 23 |
Of course it's a normal thing and not funny. |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Beverlyjean(f): 6:55am On Mar 23 |
Crypto is killing the world...it breeds insecurity... currency influencing, fraud...it can easily kill a not so strong economy.... all because its unregulated....if not for crypto , our exchange rate will not be this terrible....and of course, coupled with our stupid economic policies 6 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Judolisco(m): 6:57am On Mar 23 |
If na Nigeria now.. Dem go Don dey shout... Nigeria happened to the country 4 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by bigdammyj: 7:10am On Mar 23 |
Noted. |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by brainpulse: 7:13am On Mar 23 |
Crypto is a scam everywhere. 2 Likes |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by frankson1(m): 7:16am On Mar 23 |
edenex: Lots of the people I know who are into crypto all ran away from FX trading after they were all ruined. Lots of them stopped trading and started forming coach and collecting money from people in the name of FX trading classes. 20 Likes 1 Share |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by stano2(m): 7:22am On Mar 23 |
Indians are angry and ranting online 1 Like |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by tefishy(m): 7:22am On Mar 23 |
Plenty magomago dey for this crypto thing 4 Likes |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by stano2(m): 7:23am On Mar 23 |
Beverlyjean:Crypto is not the reason your exchange rate is terrible. Crypto didn’t just start last year 6 Likes |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by olayinka63: 7:32am On Mar 23 |
Elliotwaveforec:OK recommend a learning source Thank you |
Re: Crypto Exchange, OKX Shuts Down In India, Advices Users To Withdraw All Funds by Goldbw122(m): 7:32am On Mar 23 |
NPFLADMIN:You wan fund your account with the 17k? |
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