LIVEđđ° BIG NEWS FOR CRYPTOCURRENCY:
BINANCE TO RESUME OPERATIONS IN INDIA AFTER $2,000,000 PENALTY đđ
Binance, the world's largest crypto exchange, is set to restart operations in India following a $2,000,000 penalty. đŽđŗđ° This development could potentially lead to a surge in prices over the next few months. đđ
On January 14, 2024, Binance was officially banned in India due to non-compliance with anti-money laundering laws, affecting over 115 million crypto users in the country. Before the ban, Binance accounted for nearly 90% of the estimated $4 billion crypto holdings of Indian nationals.
Now, with Binance resolving its issues and registering with India's Financial Intelligence Unit, over 100 million users and nearly $4 billion could re-enter the market. This influx of funds is expected to bolster prices and foster significant growth in the cryptocurrency market. đŧđ¸
Exciting times ahead for cryptocurrencies!
Stay tuned with Professor Mende for more updates. đđ