1. đ **Binance Website Restored:** Binanceâs URL is now accessible to Indian users after being blocked due to regulatory issues.
2. đïž **Regulatory Compliance:** Binance registered with the Financial Intelligence Unit (FIU) and paid a hefty fine of $2.25 million for not adhering to India's anti-money laundering regulations.
3. đźđł **Previous URL Block:** The Indian government had blocked URLs of several offshore crypto exchanges, including Binance, due to non-compliance.
4. â
**Compliance Milestone:** Binanceâs compliance and payment of fines have restored its services, setting a precedent for other exchanges.
5. đ **Impact on Indian Market:** The restoration might influence the local crypto trading scene, marking a significant milestone for Indian users.
6. đž **New Tax Bill:** Binance received a tax bill of over $86 million from Indiaâs GST Intelligence, highlighting Indiaâs push to regulate cryptocurrency operations.
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