Yes i also saw this news. Because The Director FIU IND wrote to the secretary of Meity to block these exchanges as they were illegally operating without following the provisions of the PML act in India. So indian government removed Binance, Kucoin, gate. io, Hubi, Bittrex and others crypto exchanger.
They did for investigation. India is biggest populated country. Huge people involved in crypto. I think indian government understand it. And this exchangers will follow thats government ruls and within short time all exchangers will Legal Again i strongly believe it.
This is the same scenario for Binance in our country, they accumulated several users in our country, and our government was alarmed because they are accepting users in our country without the necessary permit and license to operate, so if ever one of our countryman face a big issue
he is left all alone to deal with, these big exchanges should comply with the country where they are operating, because they are profiting from these users' activity.
So far Binance is doing nothing to get compliancy in our country I don't know if they will do the same in these countries, these exchanges will continue to lose a lot fo markets if they continue to operate illegally.