Binance Completes Registration With India's Financial Intelligence Unit Months After Being Fined
- bhoomisinghal0
- Aug 15, 2024
- 1 min read
Binance, the world's largest cryptocurrency exchange, completed registration with India's Financial Intelligence Unit (FIU-IND) just months after it was fined $2.2 million for providing services in the country without authorization. The registration, Binance's 19th worldwide, means its website and app are fully available to users in India, according to an announcement on Thursday. The road to registration commenced in May, only a few months after Binance was banned under the country's Prevention of Money Laundering Act (PMLA) along with eight other exchanges. Binance has been settling disputes with financial regulators in the world's largest economies.
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