Altcoins Talks - Cryptocurrency Forum
Local => Indian Languages => Topic started by: Yamane_Keto on July 30, 2024, 12:14:24 AM
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Binance website URL is now accessible in India. URLs of 9 offshore crypto exchanges including Binance, OKX, Kucoin were blocked by Govt. of India on January 12, 2024. These platforms received show-cause notice from the finance ministry in December 2023 for not complying with India’s anti money laundering laws. Kucoin was the first offshore crypto exchange to register with FIU and after paying a fine of ₹34.5 lakh its URL was unblocked in March.
Binance filed for FIU registration in April and was fined ₹18.82 Crore while OKX decided to discontinue its services in India.
(https://image.the Url is blocked due to spam #Cpspam/wp-content/uploads/2024/07/30013849/binance-website-1-1024x543.png)
OKX has left the Indian market while Binance and Kucoin have responded to regulatory compliance and registered with FIU and paid its fine. The Indian market is promising and the population density is high.