Exciting news for crypto enthusiasts in India as Binance's website URL is now accessible following a significant fine payment. Previously, the URLs of 9 offshore crypto exchanges, including Binance, OKX, and Kucoin, were blocked by the Government of India on January 12, 2024.

After receiving show-cause notices from the finance ministry in December 2023 for non-compliance with India’s anti-money laundering laws, Kucoin was the first offshore crypto exchange to register with the FIU. By paying a fine of ₹34.5 lakh, Kucoin's URL was unblocked in March.

Binance filed for FIU registration in April and incurred a fine of ₹18.82 Crore, while OKX made the decision to discontinue its services in India.

Though the Binance website URL is now accessible, the mobile app is yet to reappear on the Play Store and App Store.

Despite the absence of an official update or announcement from Binance on its social media or blog, users are able to access the website. This development suggests that Binance's URL may have been completely unblocked, paving the way for increased accessibility and engagement. 🌐🇮🇳💰

#binanceIndia #BinanceSquareFamily #Babylon_Mainnet_Launch #US_Job_Market_Slowdown