Binance Returns to India After Regulatory Approval

After a seven-month suspension for noncompliance with local regulations, Binance, the world`s largest crypto exchange, has resumed services in India. The resumption follows Binance`s registration with India`s Financial Intelligence Unit (FIU), a requirement imposed on foreign crypto exchanges to combat money laundering and terrorism financing. Despite India`s importance in the global tech industry, its crypto market remains underdeveloped due to pressure from the Reserve Bank of India and stringent government policies, which have hindered the growth of the sector.