Binance, a top global cryptocurrency exchange, is back in India with its website unblocked. Indian users can now easily access the Binance site and start trading on the trusted platform.
In February, Binance got a compliance notice from the Indian Financial Intelligence Unit (FIU IND) under the Prevention of Money Laundering Act, 2002 (PMLA). As a result, several foreign crypto sites, including OKX, Kucoin, and Binance, were removed from Apple and Google app stores.
Binance Fully Registers with India’s Financial Intelligence Unit in May, Pays $2 Million Fine and Revamps South Asian Operations
Benifits of Comback of Binance in India
The unblocking of Binance’s website is likely to attract Indian traders and investors who had limited access. Binance’s return comes as the Indian government is still working on cryptocurrency regulations. This could create a better environment for crypto exchanges in India, but challenges remain
This could change the Indian crypto market and make other platforms reconsider their strategies in India.
