BinanceBackInIndia
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"Breaking News: Binance Returns Stronger Than Ever to India's Crypto Scene!
๐ฎ๐ณ After overcoming hurdles and paying fines, Binance is set to make a grand comeback in India's crypto landscape.
๐ Dive into the Details:
1. Binance, undeterred by past challenges, has resolved legal issues and secured approval from the FIU.
2. With fines settled and registrations complete, Binance commits to strict compliance with PMLA and tax regulations.
๐ Regulatory Rollercoaster:
1. From regulatory skepticism to accusations, Binance faced its share of obstacles.
2. But now, with FIU's green light, Binance is poised for a triumphant return, ready to embrace compliance and thrive.
๐ผ Compliance Commitment:
1. Despite initial setbacks, Binance diligently pursued regulatory clarity.
2. Reports suggest substantial investments in compliance, reflecting Binance's dedication to the Indian market.
๐ Don't Miss Out: Spread the Word and Stay Tuned for Binance's Resurgence in India's Crypto Landscape! #BinanceBackInIndia #CryptoRevival ๐"
๐ฎ๐ณ After overcoming hurdles and paying fines, Binance is set to make a grand comeback in India's crypto landscape.
๐ Dive into the Details:
1. Binance, undeterred by past challenges, has resolved legal issues and secured approval from the FIU.
2. With fines settled and registrations complete, Binance commits to strict compliance with PMLA and tax regulations.
๐ Regulatory Rollercoaster:
1. From regulatory skepticism to accusations, Binance faced its share of obstacles.
2. But now, with FIU's green light, Binance is poised for a triumphant return, ready to embrace compliance and thrive.
๐ผ Compliance Commitment:
1. Despite initial setbacks, Binance diligently pursued regulatory clarity.
2. Reports suggest substantial investments in compliance, reflecting Binance's dedication to the Indian market.
๐ Don't Miss Out: Spread the Word and Stay Tuned for Binance's Resurgence in India's Crypto Landscape! #BinanceBackInIndia #CryptoRevival ๐"
$BTC go to $80,000
Hit stop loses ๐
Just take the longest trade ever, guys! Just keep buying and selling ๐ What happened to the 'hold forever' gang...?
#btchalvingcarnival #Megadrop #BinanceBackInIndia
Hit stop loses ๐
Just take the longest trade ever, guys! Just keep buying and selling ๐ What happened to the 'hold forever' gang...?
#btchalvingcarnival #Megadrop #BinanceBackInIndia
๐จ BREAKING ๐ท #Binance ๐ท have officially registered with India's Financial Intelligence Unit ๐ท ๐ฅ
Crypto exchange Binance completes initial registration with FIU-IND, further compliance proceedings still on
While Binanceโs penalty is yet to be decided,
KuCoin which is fully registered has paid out Rs 34.5 lakhs in penalty and is now operational,
-said FIU-IND director Vivek Aggarwal.
Worldโs largest crypto exchange Binance got registered with the
Financial Intelligence Unit in India (FIU-IND), months after nine
offshore exchanges in India were blocked for not following local
anti-money laundering regulations.
This registration is, however, an initial step, as the compliance processes are still on. The exchange will be operational in India only after the completion of these processes and payment of a penalty fee is yet to be decided.
Binanceโs registration comes close on the heels of rival KuCoin signing up in March. Meanwhile, OKX decided to discontinue its services in India from April 30.
According to Vivek Aggarwal, Director, FIU-IND and Additional Secretary Department of Revenue Government of India, KuCoin is fully registered and operational now after paying a penalty fee of Rs 34.5 lakh.
โBinanceโs operations have not yet resumed and the quantum of penalty is yet to be decided. Binance, as of now, has completed the initial registration with FIU-IND. Its penalty and compliance proceedings are still going on,โ Aggarwal added, speaking at a workshop conducted by industry body Bharat Web3 Association (BWA) in New Delhi on May 10.
#BinanceBackInIndia
#write2earn๐๐น
#FollowYourBrotherForMore
Crypto exchange Binance completes initial registration with FIU-IND, further compliance proceedings still on
While Binanceโs penalty is yet to be decided,
KuCoin which is fully registered has paid out Rs 34.5 lakhs in penalty and is now operational,
-said FIU-IND director Vivek Aggarwal.
Worldโs largest crypto exchange Binance got registered with the
Financial Intelligence Unit in India (FIU-IND), months after nine
offshore exchanges in India were blocked for not following local
anti-money laundering regulations.
This registration is, however, an initial step, as the compliance processes are still on. The exchange will be operational in India only after the completion of these processes and payment of a penalty fee is yet to be decided.
Binanceโs registration comes close on the heels of rival KuCoin signing up in March. Meanwhile, OKX decided to discontinue its services in India from April 30.
According to Vivek Aggarwal, Director, FIU-IND and Additional Secretary Department of Revenue Government of India, KuCoin is fully registered and operational now after paying a penalty fee of Rs 34.5 lakh.
โBinanceโs operations have not yet resumed and the quantum of penalty is yet to be decided. Binance, as of now, has completed the initial registration with FIU-IND. Its penalty and compliance proceedings are still going on,โ Aggarwal added, speaking at a workshop conducted by industry body Bharat Web3 Association (BWA) in New Delhi on May 10.
#BinanceBackInIndia
#write2earn๐๐น
#FollowYourBrotherForMore
