Yes. Indian crypto traders received disappointing news recently. Folks there can no longer utilize the platform to buy, sell or trade digital assets. Instead they must withdraw any funds stored on Binance. This creates headaches for Indian crypto enthusiasts who relied on its services. However, Binance still runs in most places worldwide and the company tries to fully comply with laws across different countries. So this Indian closure seems isolated, rather than signalling wider troubles for Binance.
I don't see this signaling trouble for Binance but at the same time its a heavy blow to millions of Indians who depend heavily on the exchange. My problem with Binance has always been one: Avoiding regulations and if it persist, it will eventually have a ripple effect on them. With most government ensuring strict regulations of crypto, cryptocurrency exchange that are regulatory compliant will be the destination of many users coz not everyone like to be tossed to and fro.