{"id":25603,"date":"2024-01-15T11:08:13","date_gmt":"2024-01-15T11:08:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pullix-hybrid-exchange-enters-market-as-google-and-apple-pull-major-exchanges-from-stores-in-india\/"},"modified":"2024-01-15T11:08:13","modified_gmt":"2024-01-15T11:08:13","slug":"pullix-hybrid-exchange-enters-market-as-google-and-apple-pull-major-exchanges-from-stores-in-india","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pullix-hybrid-exchange-enters-market-as-google-and-apple-pull-major-exchanges-from-stores-in-india\/","title":{"rendered":"Pullix hybrid exchange enters market as Google and Apple pull major exchanges from stores in India"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695725984424-53f5273f-8e92-4766-8e24-63810b004ef5-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695725984424-53f5273f-8e92-4766-8e24-63810b004ef5-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695725984424-53f5273f-8e92-4766-8e24-63810b004ef5-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/09\/1695725984424-53f5273f-8e92-4766-8e24-63810b004ef5-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Binance, OKX apps removed from Google, Apple stores due to PMLA non-compliance.<\/li>\n<li>Indian traders flock to compliant platforms like WazirX, CoinSwitch Kuber, post-app removals.<\/li>\n<li>Pullix\u2019s PLX presale gathers steam fueled by its innovative trade-to-earn model.<\/li>\n<\/ul>\n<p>In a significant turn of events, Google and Apple have removed <a href=\"https:\/\/coinjournal.net\/compare\/best-cryptocurrency-exchanges\/\">major cryptocurrency exchanges<\/a> from their app stores in India. This move follows heightened regulatory scrutiny by the Financial Intelligence Unit of India (FIU-Ind).<\/p>\n<p>Meanwhile, <a href=\"https:\/\/pr.pullix.io\/1zmzmz\">Pullix<\/a>, an emerging trading exchange, is making waves with its ongoing PLX token presale, offering unique features and a game-changing revenue-sharing mechanism.<\/p>\n<h2>Pullix: hybrid crypto trading platform<\/h2>\n<p>Pullix, an innovative hybrid trading exchange currently conducting the presale of its native token, PLX, is making waves in the cryptocurrency space as popular exchanges face the wrath of regulatory authorities.<\/p>\n<p>Ushering in a new era of trading experiences. The PLX token stands out as the market\u2019s first \u201cTrade-to-Earn\u201d cryptocurrency, allowing users to earn instant rewards for trading on the platform and completing challenges.<\/p>\n<p>The PLX presale is generating significant interest, with analysts predicting a 580% rise in the presale and a potential 100x increase on launch. The presale is in its sixth stage and the price has risen considerably from the initial price of $0.04 to its current price of $0.08.<\/p>\n<p>As the presale progresses, investors and traders are drawn to the PLX token\u2019s unique revenue-sharing mechanism. Holders have the opportunity to profit from the daily revenue of the exchange, earning a fixed passive income by providing liquidity to automated market makers once the exchange launched later in January. This approach sets Pullix apart, offering a reliable source of income in the volatile crypto landscape.<\/p>\n<h2>India\u2019s crypto clampdown: Google and Apple remove exchanges<\/h2>\n<p>The crypto landscape in India is undergoing a seismic shift as major exchanges face removal from both the Google Play Store and Apple App Store. <a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a>, <a href=\"https:\/\/coinjournal.net\/news\/okx-review-a-one-stop-platform-for-crypto-defi-dapps-nfts-and-gamefi\/\">OKX<\/a>, <a href=\"https:\/\/coinjournal.net\/news\/kucoin-review-2021-what-is-the-kucoin-exchange\/\">KuCoin<\/a>, and others have been blocked following notices from the FIU-Ind, stating that these exchanges are operating illegally without registering as reporting entities under the Prevention of Money Laundering Act (PMLA).<\/p>\n<p>This regulatory action is part of a broader effort to bring offshore crypto exchanges into compliance with Indian regulations. The FIU-Ind\u2019s notices, issued on December 28, 2023, highlighted concerns about money laundering activities on these platforms.<\/p>\n<p>The Indian government has escalated its measures by urging the Ministry of Electronics and Information Technology to block the URLs of these exchanges, compelling them to register their services in India. The removal of these apps from app stores has impacted users\u2019 access, marking a significant development in India\u2019s stance on <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/trade\/\">cryptocurrency trading<\/a>.<\/p>\n<h2>Impact on Indian traders<\/h2>\n<p>India\u2019s stringent regulatory environment, including a 30% capital gains tax and a 1% transaction levy, had prompted many Indian crypto traders to seek refuge on global platforms. However, the recent clampdown has resulted in a reverse trend.<\/p>\n<p>With Google and Apple restricting access to major international exchanges, Indian traders are turning to domestic platforms like WazirX, CoinSwitch Kuber, and CoinDCX. These platforms, compliant with India\u2019s anti-money laundering regulations, have witnessed a surge in registrations.<\/p>\n<p>WazirX, for instance, reported a remarkable 250% surge in deposit inflows within four days of the FIU-Ind\u2019s compliance notice to foreign exchanges. While this shift indicates a return to local platforms, it also leaves many Indian investors with assets stuck in the wallets of blocked foreign exchanges.<\/p>\n<h2>Conclusion<\/h2>\n<p>As India tightens its grip on cryptocurrency regulations, global exchanges are feeling the impact, leading to their removal from major app stores. The simultaneous rise of domestic platforms signals a shift in traders\u2019 preferences, driven by regulatory compliance and the need for a secure trading environment.<\/p>\n<p><a href=\"https:\/\/pr.pullix.io\/1zmzmz\">Pullix\u2019s PLX token presale<\/a> adds an intriguing layer to the evolving crypto landscape, providing users with innovative opportunities for trading and earning in a market undergoing significant regulatory transformation.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/pullix-hybrid-exchange-enters-market-as-google-and-apple-pull-major-exchanges-from-stores-in-india\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance, OKX apps removed from Google, Apple stores due to PMLA non-compliance. Indian traders flock to compliant platforms like WazirX, CoinSwitch Kuber, post-app removals. Pullix\u2019s PLX presale gathers steam fueled by its innovative trade-to-earn model. In a significant turn of events, Google and [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":25604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25603"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25603"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25603\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25604"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}