💥Binance India hit hard!

Binance has been hit hard in India, accused of violating anti-money laundering laws and facing a huge fine of millions of dollars! 😱

🔍Looking back on the whole incident, it turns out that Binance has always been the focus of attention in the Indian market. However, in January of this year, some foreign Bitcoin exchanges, including Binance, were asked by Indian authorities to suspend their work in India precisely because of suspected violations of anti-money laundering laws.

🎯Now, although KuCoin and Binance have regained their trading licenses, Binance must pay a huge fine to continue operating in the Indian market. This result undoubtedly dealt a heavy blow to Binance, and also caused the global crypto circle to have more doubts about the regulatory policies of the Indian market.

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