Binance, the world's largest cryptocurrency exchange, is set to return to the Indian market after a four-month ban imposed by the nation's Financial Intelligence Unit (FIU) for non-compliance with anti-money laundering regulations. The exchange, which was banned in January, has agreed to pay a penalty of approximately $2 million and will re-enter as an entity registered with the FIU, complying with all applicable laws. This move comes as India continues to be a significant market for cryptocurrency, holding the highest number of crypto users globally.
NEW: Binance returning to 🇮🇳 India after 4-month ban for AML non-compliance with 💵 $2M fine. https://t.co/G4FiVpXkae
#Binance reopens to Indian customers after paying $2m fine 🤝💵 What exchange do you use most often?👇 ⬇️Read more below⬇️ https://t.co/hvOCKLWHKA https://t.co/RWhjlr04Cl
.@binance could make a comeback in India by paying a $2 million fine, according to a report. https://t.co/J5fRtXggHT
Congrats to Binance to restart operations in India as compliant FIU-registered entity https://t.co/T9qED2Eybh via @economictimes
Crypto Exchange Binance Returns to India: To pay $2 million fine? Details https://t.co/EAtbVNcush
Binance returns to India 🇮🇳after agreeing to register with authorities and pay $2 million fine 👀@binance #India India remains the country with the most citizens holding crypto.
Binance is eyeing a comeback to India following a 4-month ban placed on the exchange by the nation’s Financial Intelligence Unit (FIU) https://t.co/Jd8LQIIH7V
#Binance Set to Re-Enter Indian Market With $2 Million Fine Settlement #India #NewsBytes https://t.co/hJ28yRPWgZ
📣 Latest News: Binance to return to India after paying $2M fine for non-compliance: Report #news #cryptonews #crypto
.@binance could make a comeback in India by paying a $2 million fine, according to a report. By @parikshitm899. https://t.co/1Zt8QqfjJp
BINANCE TO RETURN TO INDIA AFTER PAYING $2M PENALTY: WHAT WE KNOW - After being banned by the government in January, Binance, the world's largest cryptocurrency exchange, is set to make a comeback in India by paying a hefty penalty of approximately $2 million, as reported by… https://t.co/TGLaHpgbHc https://t.co/h8P9uv349d
🚨 BREAKING: BINANCE WILL RETURN TO INDIA AFTER PAYING $2M IN PENALTY - REPORT
Binance to Return to India ,Pay $2 Million Fine and complying with FIU https://t.co/w6m5z7tTxK
.@binance is poised to return to India by paying a penalty of about $2 million, people aware of the developments told ET. The crypto exchange will come back as an entity registered with the Financial Intelligence Unit (FIU) of the finance ministry, they added. FIU is tasked with… https://t.co/buy243ym3c
Binance seeks to re-enter India by paying $2 million in penalty: report https://t.co/PrNXyAGj6z
🚨🆕 Binance, the world’s largest #cryptocurrency exchange that was banned by the government in January, is poised to return to India by paying a penalty of about $2 million. Details here 👇
According to Indian media The Economic Times, Binance is preparing to return to India, it will pay a fine of approximately US$2 million. Binance will return as an entity registered with the Treasury Department’s Financial Intelligence Unit and comply with all applicable laws,…