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News related to Crypto / Binance Could Come Back to India by Paying $2M Fine: Report
« Last post by ABCbits on Today at 12:02:10 PM »Binance Could Come Back to India by Paying $2M Fine: Report
Binance, the cryptocurrency exchange that was removed from India some months ago, is looking to re-enter India by paying a $2 million fine, the Economic Times reported on Thursday.
Earlier this year, Binance and some other exchanges were removed from the Apple Store in India after India’s Financial Intelligence Unit (FIU) sent them compliance show cause notices... Read more here.
$2 million is small amount for Binance, so it's not surpirsing they simply decide to pay the fine. IMO it's also possible they lose more money due to ban by India early of this year. Your opinion is greatly appreciated.
Binance, the cryptocurrency exchange that was removed from India some months ago, is looking to re-enter India by paying a $2 million fine, the Economic Times reported on Thursday.
Earlier this year, Binance and some other exchanges were removed from the Apple Store in India after India’s Financial Intelligence Unit (FIU) sent them compliance show cause notices... Read more here.
$2 million is small amount for Binance, so it's not surpirsing they simply decide to pay the fine. IMO it's also possible they lose more money due to ban by India early of this year. Your opinion is greatly appreciated.