Binance and KuCoin Pass Registration Process with India's FIU
Friday, 10 May 2024, 10:27
Latest Update on Binance and KuCoin Registration
Binance and KuCoin have recently gone through the registration process with India's Financial Intelligence Unit (FIU). This follows the growing emphasis on compliance within the cryptocurrency sector.
Regulatory Compliance in Focus
Binance faces ongoing scrutiny, and the outcome of its hearing with the FIU will determine any financial penalties. Meanwhile, KuCoin has already paid a fine of $41,000.
- The registration process with the FIU is crucial for crypto exchanges operating in India.
- Compliance with financial regulations shows a maturing approach in the cryptocurrency industry.
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