๐ข Breaking News: Binance Resumes Operations in India! ๐ฎ๐ณ ๏ฟผ
After a six-month hiatus, Binance is back in India! The worldโs largest crypto exchange has paid a penalty of โน18.82 crore and registered with the Financial Intelligence Unit (FIU), marking its compliance with Indiaโs anti-money laundering regulations. ๏ฟผ
What This Means for Indian Crypto Enthusiasts:
โข Market Revival: Binance previously held 90% of Indiaโs $4 billion crypto market. ๏ฟผ
โข Regulatory Compliance: With FIU registration, Binance aligns with Indiaโs Virtual Digital Assets (VDA) framework, ensuring a secure trading environment. ๏ฟผ
โข Enhanced Services: Expect robust anti-money laundering (AML) measures and a comprehensive compliance framework. ๏ฟผ
Stay tuned for more updates as Binance continues to expand its offerings in India!
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