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#Binance cleared to operate in India, subject to a 2.25-million-USD fine and compliance. Binance, the world’s largest cryptocurrency exchange, received a notice on Wednesday from India’s Financial Intelligence Unit (FIU-IND), which fined it 2.25 million USD ( ₹18.8 crore) for operating without complying with domestic anti-money-laundering regulations before December 2023. This means the exchange has now been cleared to operate in India, provided it pays the fine and complies with regulations. In its notice, FIU-IND said it imposed the fine due to Binance’s ongoing provision of services to Indian clients and operations within India, without adhering to its statutory obligations under the Prevention of Money Laundering Act (PMLA), 2002. The company was issued a notice under Section 13 of the PMLA on 28 December 2023. The notice, a copy of which Mint has seen, added, Specific directions have been issued to Binance to ensure diligent compliance with the obligations outlined in Chapter IV of PMLA. Entities that represented Binance before FIU-IND included its facilities in the Seychelles, Cayman Islands and Switzerland. On 10 May, Binance and fellow cryptocurrency exchange Kucoin were set to be cleared to operate in India after being suspended by FIU-IND in December. $BNB

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The best decentralised coins you can invest in IMO are: 1. $CAKE 2. $UNI 3. $LINK What is Decentralisation ? Decentralised refers to the distribution or delegation of authority, functions, and responsibilities away from a central location or governing body. In a decentralized system, decision-making and control are spread across multiple nodes or entities rather than being concentrated in a single point. In Technology Systems like blockchain and peer-to-peer networks where data and control are distributed across multiple nodes instead of being managed by a central server. Decentralization aims to enhance efficiency, resilience, and autonomy by reducing reliance on a single point of control. If you ask me why is decentralisation important ? That's because we don't like the government!

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$BNB to the moon! 🌕 . . . . . . . . . . . . 🌏

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I invested in the Primates NFT project on $SOL What do you think about this art? They released when AI didn't boom. TBH I made loads of money from NFT Wave of solana.

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I believe in $THETA

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