AMAZING! ๐ฅ IS BINANCE BACK TO INDIA FOR REAL? ๐ค What's Gonna Happen? ๐
Binance is set to restart its operations in India after reaching an agreement with Indian regulators. This includes a $2 million penalty and the registration with Indiaโs financial intelligence unit. As a consequence, Binance will regain its presence in a very profitable market. In fact, it will strength its position in India while implementing localized payment methods. You should know, that before the ban, Binance accounted for over 90% of India's crypto trading volume. It took more than two years to comply with this India regulation! ๐คฏ
In my opinion, the alignment with Indian regulations will serve to Binance as a model for entering / re-entering other markets with strict regulations. In the meantime, Binance will lead the next phase of crypto adoption in India. Thus, I do feel that's a bullish new with consequences on BNB!
STAY TUNED! ๐ช DYOR. ๐ NFA. ๐ค
