Main page News, India, Binance

According to sources familiar with the matter, Binance plans to re-enter the Indian market by paying a $2 million fine.

The move comes after the Indian government blocked several crypto websites in January for non-compliance with local regulations.

Binance intends to register with India's Financial Intelligence Unit and comply with all applicable laws, including those related to money laundering and taxation.

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The platform has stated it is committed to following regulatory guidelines and is engaging in discussions with regulators around the world to ensure that its services remain available.

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