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Binance has registered with India’s Financial Intelligence Unit (FIU-IND), allowing it to operate legally in the country.
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The registration enables Binance to comply with local anti-money laundering (AML) regulations.
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This move marks a significant milestone for Binance’s expansion in India, a rapidly growing market for cryptocurrency.
Binance, one of the world’s largest cryptocurrency exchanges, has officially registered with India’s Financial Intelligence Unit. This means Binance can now operate legally in India and provide its services to Indian users without any restrictions.
Binance’s registration is significant because it shows the company’s commitment to following local regulations and preventing illegal activities like money laundering. By registering with the FIU-IND, Binance can ensure that its platform is safe and secure for users.
This move is also expected to raise the standards for the entire cryptocurrency industry in India, which is rapidly becoming one of the biggest markets for cryptocurrency. Binance’s CEO, Richard Teng, has expressed his excitement about expanding the company’s services in India and supporting the country’s growing cryptocurrency market.
