🚀 Binance is making a comeback in India, folks! After a $2M penalty, the world's largest crypto exchange is ready to play by the rules. 🇮🇳

• Binance will now comply with India's regulatory frameworks, including the Prevention of Money Laundering Act (PMLA) and the taxation framework for virtual digital assets (VDA).

• This move follows KuCoin's recent compliance with the Financial Intelligence Unit (FIU).

Binance once held a whopping 90% of India's estimated $4B in crypto holdings. But after a 1% TDS on crypto trading was implemented in July 2022, trading volume on Indian exchanges dropped nearly 90%. Traders moved to offshore exchanges, including Binance.

What's your take on Binance's return? Let's chat in the comments! 👇 #Binance #CryptoIndia