Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year.
Global cryptocurrency exchange Binance has obtained approval to offer its services in India from an Indian financial regulator called the Financial Intelligence Unit (FIU).
The recent approval makes Binance the second off-shore crypto exchange to get a regulatory nod after KuCoin.
According to a report published in CoinDesk, Vivek Agarwal, the head of FIU, said that Binance is now a registered entity.
