๐๐ฐ BIG NEWS FOR CRYPTOCURRENCY:
BINANCE TO RESUME OPERATIONS IN INDIA AFTER $2,000,000 PENALTY ๐๐
Binance, the world's largest crypto exchange, is set to restart operations in India following a $2,000,000 penalty. ๐ฎ๐ณ๐ฐ This development could potentially lead to a surge in prices over the next few months. ๐๐
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. ๐ผ๐ธ
Exciting times ahead for cryptocurrencies!
Stay tuned with Professor Mende for more updates. ๐๐