Binance returns to India after registering with the FIU-IND, marking its 19th global regulatory milestone.
Crypto exchange Binance has reappeared on India’s Google Play Store and Apple App Store following a seven-month ban due to noncompliance with local regulations.
On Aug. 15, Binance’s website and Android and iOS apps were made available for crypto investors in India. Speaking to Cointelegraph, Binance confirmed that it had registered as a reporting entity with India’s Financial Intelligence Unit (FIU-IND) — a legal compliance requirement for all crypto exchanges operating in India against money laundering.
The FIU-IND, a government agency dedicated to collecting intelligence on financial offenses, had blocked the website URLs and mobile applications of Binance and eight other crypto exchanges that failed to register with law enforcement in January.
