Binance's Provisional Registration with India's Financial Intelligence Unit
Thursday, 15 August 2024, 09:05
Binance's Compliance with Indian Regulations
Recently, Binance achieved a crucial milestone by registering with India's Financial Intelligence Unit (FIU). This registration was initially granted on a provisional basis in June, pending the settlement of a significant fine.
Details of the Registration
- The registration process began earlier in the year.
- Binance faced a fine of approximately $2.2 million.
- This registration is vital for Binance's operational credibility in India.
Conclusion
With this registration, Binance is taking necessary steps towards regulatory compliance, which could pave the way for future operations in the Indian market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.