Binance is Back to India?
The post Binance is Back to India? appeared first on Coinpedia Fintech News
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 Indias 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.
Even though Binance URL is now accessible, the app is yet to reappear on Play store and App Store.
There is still no update or announcement from the official Binance on its social media or blog, however people are able to access the website. This might be a signal that Binance URL has been unblocked completely.
Read more: https://coinpedia.org/crypto-live-news/binance-is-back-to-india/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
