The exchange said most domestic platforms in India still block withdrawals, citing money laundering concerns despite no legal prohibition being identified.
Binance said India has no law that restricts crypto withdrawals, while adding that most domestic exchanges continue to block them because of concerns about money laundering. The statement highlights a gap between what the exchange describes as the legal position and how local trading platforms operate in practice. In crypto markets, withdrawal access is a key issue because users often rely on it to move assets into self-custody, external wallets, or other trading venues.