Crypto exchange Binance has registered with India's Financial Intelligence Unit (FIU) as a reporting entity after being fined $2.25 million earlier this year. Binance CEO Richard Teng sees the registration as an "important milestone" for the exchange, allowing them to tailor their services for Indian users. Binance's app and website are now fully available for Indian users, with the exchange touting its "world-class compliance program." Binance was banned from India in December 2023 alongside eight other crypto exchanges for failing to register with the FIU and comply with anti-money laundering and anti-terrorist financing regulations.

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