binance will lose a lot of its clients from countries like India and Russia. and it might also happen in more countries. The Philippines SEC has already issued a warning Binance will be blocked in the country, you can already tell this is geopolitics and will not be surprised anymore.
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.
Binance makes the transaction on P2P very easy for local currency trading. we will be registering to another exchange if they are blocked. India has Wazirix. each country has its local exchanges, that's where we all are going to be. Government-backed exchanges.
Are there no other top exchanges that are regulatory compliant that are operational in Indian? I don't think only Wazirix can cater for the millions of users who have been using Binance.