Binance, the global cryptocurrency exchange, has secured approval from India's Financial Intelligence Unit (FIU) to offer its services in the country. This makes Binance the second offshore crypto exchange to receive regulatory approval, following KuCoin. The approval comes after several foreign crypto exchanges, including Binance, received noncompliance notices in December 2023, leading to a ban on their services. While some platforms have ceased operations in India, others have worked towards FIU compliance. The approval follows reports that Binance would likely return to India after paying a $2 million noncompliance fine.