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 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.
Even though Binance URL is now accessible, the app is yet to reappear on Play store and App Store.