Following regulatory crackdowns in India, cryptocurrency exchange OKX has joined the ranks of nine foreign exchanges blocked by local authorities. In a notice issued to Indian users on March 21, OKX advised closure of accounts and fund redemption by April 30. Despite implementing stringent Know Your Customer (KYC) procedures post-website and app blockage in January, OKX's decision hints at discontinuation of services in India. The absence of concrete crypto regulations coupled with steep taxes, including a 30% tax on crypto income and 1% Tax Deducted at Source (TDS) on transactions, has prompted many industry leaders to relocate operations abroad.