Binance received a fine of 188.2 million rupees (about $2.25 million) in India for violating local anti-money laundering regulations. The Financial Intelligence Unit of India (FIU) imposed a fine for Binance's failure to comply with multiple AML rules and anti-money laundering directives. terrorist financing. 😮 Before the January ban, Binance controlled more than 90% of the cryptocurrency trading volume in India. Despite regulatory disagreements, cryptocurrency remains a controversial issue in India."