Binance has registered as a reporting entity with the Financial Intelligence Unit (FIU-IND). Its website and app are now available for Indian users
The crypto exchange said it plans to foster “responsible growth” and ensure stronger user protections going forward in the country
Binance was banned in India in December last year for neither registering as a reporting entity nor complying with provisions of the anti-money laundering laws
Clearing all decks for its re-entry in India, crypto exchange Binance said it has registered as a reporting entity with the finance ministry’s Financial Intelligence Unit (FIU-IND).
With this, Binance has resumed operations in the country and its website and app are now available for Indian users.