Crypto exchange OKX to discontinue services in India

Victoria, Seychelles-headquartered crypto exchange OKX has informed Indian users that it is halting its services in the country. The development comes a few months after several offshore exchanges received show-cause notices for not complying with the country's money laundering laws.The exchange has asked users to close all their margin positions, as well as positions in perpetuals, futures, and options, and withdraw all funds by April 30.