Binance, one of the prominent names in the world of cryptocurrency, has acknowledged an IP block that is affecting several crypto firms, including itself, in India. The impact is limited to users attempting to access the Indian iOS app store or the Binance website from India. However, existing users who already have the Binance app installed are not affected by this issue.
In a statement, Binance reaffirmed its commitment to complying with local regulations and laws, emphasizing its active engagement with regulators to ensure user protection and contribute to the advancement of a healthy Web3 industry.
The situation faced by the company is not isolated, as it also affects other participants in the web3 industry. Binance assured its users that it is striving to participate in shaping constructive policies that aim to benefit all users and market participants, while maintaining the safety of all user funds.
Users experiencing difficulties accessing their accounts or requiring support are encouraged to reach out to Binance via their official Twitter support handle, @BinanceHelpDesk. The company also pledged to promptly communicate any changes or updates through its official channels.
Binance expressed appreciation to its users for their understanding and assured them that all steps are being taken to address the situation effectively.
This proactive approach underscores Binance’s commitment to transparency and user satisfaction amid the evolving landscape of cryptocurrency regulations.
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