Binance’s return to India marks the end of a complicated chapter in its history with the country. The journey began in late 2023 when the FIU-IND issued a series of warnings to Binance and other cryptocurrency exchanges regarding violations of India’s stringent anti-money laundering (AML) regulations. This situation escalated in January 2024, when Binance faced a significant operational ban, preventing it from conducting any transactions through its online platforms in India.·
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