BinanceIndia
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India imposes anti-money laundering provisions on cryptocurrencies
On March 7, 2023, the Indian government announced that cryptocurrencies and digital assets would be brought under the ambit of the Prevention of Money Laundering Act (PMLA). This means that virtual digital asset service providers and businesses must comply with the same reporting standards and know-your-customer norms as banks and payment system operators.
The new rules aim to prevent the misuse of crypto for criminal activities such as money laundering and terrorist financing, and empower the government to investigate financial wrongdoing involving cryptocurrency assets. However, the rules do not prohibit individuals from trading or holding cryptocurrencies in India.
Binancians do not need to worry, as Binance has a track record of working closely with regulators to ensure compliance with local laws and regulations
Binance, a leading cryptocurrency exchange, works with law enforcement organizations around the world to combat money laundering. In a recent interview, the Head of Law Enforcement Training discussed Binance's efforts to prevent financial crimes. You can watch the interview on Binance's South Asia Twitter handle, binancedesi
#IndiaCryptoRegulations
#PMLACompliance
#CryptocurrencyLaws
#BinanceIndia
#FinancialCrimePrevention
The new rules aim to prevent the misuse of crypto for criminal activities such as money laundering and terrorist financing, and empower the government to investigate financial wrongdoing involving cryptocurrency assets. However, the rules do not prohibit individuals from trading or holding cryptocurrencies in India.
Binancians do not need to worry, as Binance has a track record of working closely with regulators to ensure compliance with local laws and regulations
Binance, a leading cryptocurrency exchange, works with law enforcement organizations around the world to combat money laundering. In a recent interview, the Head of Law Enforcement Training discussed Binance's efforts to prevent financial crimes. You can watch the interview on Binance's South Asia Twitter handle, binancedesi
#IndiaCryptoRegulations
#PMLACompliance
#CryptocurrencyLaws
#BinanceIndia
#FinancialCrimePrevention
Just in: Binance Achieves India Regulation Criteria
This is the 19th regulatory milestone globally for Binance, where Binance is registered as part of the reporting entity to India’s Financial Intelligence Unit (FIU-IND) to commit to the prevention of any money laundering, responsible for the development of digital assets, and user protection as it expands to the Indian market. As a result, Binance's website and application are now fully available for Indian users.
So welcome Indians to Binance.
#Binance #Binanceachievement #BinanceIndia #India
$BNB
This is the 19th regulatory milestone globally for Binance, where Binance is registered as part of the reporting entity to India’s Financial Intelligence Unit (FIU-IND) to commit to the prevention of any money laundering, responsible for the development of digital assets, and user protection as it expands to the Indian market. As a result, Binance's website and application are now fully available for Indian users.
So welcome Indians to Binance.
#Binance #Binanceachievement #BinanceIndia #India
$BNB
Waking up in São Paulo to some exciting news—Binance is now officially registered with India’s FIU-IND! This marks yet another milestone in our global regulatory journey.
A huge thank you to our amazing community in India for making this possible. Wishing everyone a joyful and proud Independence Day! 🇮🇳
#BinanceIndia #GlobalExpansion #CryptoRegulations #IndependenceDayIndia #SahmRule
A huge thank you to our amazing community in India for making this possible. Wishing everyone a joyful and proud Independence Day! 🇮🇳
#BinanceIndia #GlobalExpansion #CryptoRegulations #IndependenceDayIndia #SahmRule
BREAKING News for India users
🌐 Crypto Convenience for India! Binance Rolls Out Dedicated Web Addresses 🔥🇮🇳
Exciting news for our Indian crypto enthusiasts! Binance, the crypto giant, is making significant strides to enhance accessibility for its Indian user base. 🚀
🌐 Tailored Access: Introducing two new web addresses exclusively for India – binance.me and binance.info. This strategic move is designed to offer Indian users a seamless and dedicated gateway to the array of services and resources that Binance has to offer.
🔒 Enhanced Services: With these specialized web addresses, Binance is committed to providing a more user-friendly experience, ensuring that Indian users can navigate the crypto landscape with ease and confidence.
💬 Share Your Thoughts: What's your take on Binance's dedicated approach for Indian users? Do you think it will contribute to a more accessible and user-centric crypto environment in India? Share your opinions!
🌐 Stay Updated, Stay Engaged! Follow @MemeLauncher for more crypto insights and updates that matter to you. Let's build a community that thrives on knowledge! 🤝📈
👍 Like, Share, and Connect! Tag your crypto-savvy friends in India. Empower others with the latest crypto developments! 💪
🔗
#BinanceIndia #CryptoNews #IndiaCrypto #BinanceAccessibility #BitcoinIndia
🌐 Crypto Convenience for India! Binance Rolls Out Dedicated Web Addresses 🔥🇮🇳
Exciting news for our Indian crypto enthusiasts! Binance, the crypto giant, is making significant strides to enhance accessibility for its Indian user base. 🚀
🌐 Tailored Access: Introducing two new web addresses exclusively for India – binance.me and binance.info. This strategic move is designed to offer Indian users a seamless and dedicated gateway to the array of services and resources that Binance has to offer.
🔒 Enhanced Services: With these specialized web addresses, Binance is committed to providing a more user-friendly experience, ensuring that Indian users can navigate the crypto landscape with ease and confidence.
💬 Share Your Thoughts: What's your take on Binance's dedicated approach for Indian users? Do you think it will contribute to a more accessible and user-centric crypto environment in India? Share your opinions!
🌐 Stay Updated, Stay Engaged! Follow @MemeLauncher for more crypto insights and updates that matter to you. Let's build a community that thrives on knowledge! 🤝📈
👍 Like, Share, and Connect! Tag your crypto-savvy friends in India. Empower others with the latest crypto developments! 💪
🔗
#BinanceIndia #CryptoNews #IndiaCrypto #BinanceAccessibility #BitcoinIndia
🇮🇳 Unlock Crypto Freedom! 🚀✨ #BinanceIndia
🔗 Demand your crypto rights! The government's exchange ban is holding us back, but it's time to voice our concerns.
🛡️ Fair Play: Why deny us access while profiting from foreign platforms? It's time for equality in the crypto space.
💸 Liquidity Matters: Government, embrace foreign exchanges like #Binance and KuCoin for liquidity and funds. Let's grow together!
⚖️ Logical Solution: Advocate for #reducecryptotax and welcome foreign exchanges to India. Let's build a thriving crypto community!
🤝 Join the Movement: Like, comment, and follow if you stand for crypto freedom! Together, let's make #BinanceIndia a reality! 👇✊
🔗 Demand your crypto rights! The government's exchange ban is holding us back, but it's time to voice our concerns.
🛡️ Fair Play: Why deny us access while profiting from foreign platforms? It's time for equality in the crypto space.
💸 Liquidity Matters: Government, embrace foreign exchanges like #Binance and KuCoin for liquidity and funds. Let's grow together!
⚖️ Logical Solution: Advocate for #reducecryptotax and welcome foreign exchanges to India. Let's build a thriving crypto community!
🤝 Join the Movement: Like, comment, and follow if you stand for crypto freedom! Together, let's make #BinanceIndia a reality! 👇✊
#Binance #BinanceNews #India #BinanceIndia #BinanceGrowing
Binance Registers in India After Paying $2.2M Fine
$BNB
Binance, the world's largest cryptocurrency exchange, has successfully registered with India’s Financial Intelligence Unit (FIU-IND). This milestone comes just months after the exchange was fined $2.2 million for providing services in India without proper authorization.
Road to Compliance
The registration marks Binance's 19th global registration, allowing its website and app to be fully accessible to Indian users. The process began in May, shortly after Binance was banned under India’s Prevention of Money Laundering Act (PMLA), alongside eight other exchanges. The exchange was provisionally approved for registration on the condition that it paid a penalty for violating the country's anti-money laundering regulations. The fine was finalized in June, clearing the path for Binance to operate legally in India.
Commitment to AML Standards
Binance emphasized that this registration reflects its dedication to complying with anti-money laundering (AML) standards and fostering a secure and transparent ecosystem. "This registration underscores Binance’s commitment to adhering to AML standards and fostering a secure, transparent, and efficient ecosystem," the company stated.
KuCoin, another exchange that faced similar challenges in India, also paid a penalty to settle its case with FIU-IND, though its fine was significantly lower at $41,000.
Settling Global Disputes
Binance's efforts to resolve disputes with financial regulators extend beyond India. Last year, the exchange paid $4.3 billion in the U.S. to settle criminal charges related to sanctions violations and money-transmitting laws. As part of this settlement, Binance's founder Changpeng "CZ" Zhao stepped down as CEO and received a four-month prison sentence in April.
"Our commitment to stringent regulation forms a fundamental part of our business strategy. It's about fostering a secure, transparent, and efficient environment," said CEO Richard Teng.
Binance Registers in India After Paying $2.2M Fine
$BNB
Binance, the world's largest cryptocurrency exchange, has successfully registered with India’s Financial Intelligence Unit (FIU-IND). This milestone comes just months after the exchange was fined $2.2 million for providing services in India without proper authorization.
Road to Compliance
The registration marks Binance's 19th global registration, allowing its website and app to be fully accessible to Indian users. The process began in May, shortly after Binance was banned under India’s Prevention of Money Laundering Act (PMLA), alongside eight other exchanges. The exchange was provisionally approved for registration on the condition that it paid a penalty for violating the country's anti-money laundering regulations. The fine was finalized in June, clearing the path for Binance to operate legally in India.
Commitment to AML Standards
Binance emphasized that this registration reflects its dedication to complying with anti-money laundering (AML) standards and fostering a secure and transparent ecosystem. "This registration underscores Binance’s commitment to adhering to AML standards and fostering a secure, transparent, and efficient ecosystem," the company stated.
KuCoin, another exchange that faced similar challenges in India, also paid a penalty to settle its case with FIU-IND, though its fine was significantly lower at $41,000.
Settling Global Disputes
Binance's efforts to resolve disputes with financial regulators extend beyond India. Last year, the exchange paid $4.3 billion in the U.S. to settle criminal charges related to sanctions violations and money-transmitting laws. As part of this settlement, Binance's founder Changpeng "CZ" Zhao stepped down as CEO and received a four-month prison sentence in April.
"Our commitment to stringent regulation forms a fundamental part of our business strategy. It's about fostering a secure, transparent, and efficient environment," said CEO Richard Teng.
Hello, Cryptoenthusiast
🚨 Ethereum Analysis 🚨
Ether is facing bearish trend on daily Timeframe. As weekly trend support ether there are possible entries as below :-
1. 1521 major support as price can take bounce above ( previous support ).
2. 1550 Price psychological number.
3. 1600 previous bearish trend breakout.
4. 1640 previous price resistance.
With possible Targets :-
1.1745 Previous price resistance.
2. 1825 previous swing or previous support.
3. 1860 This is major bearish trendline
Stoploss will be below support or weekly bullish trendling.
This is purely Analysis for ether also read chat before taking trade, we are not an financial person , please trade as per risk management.
Happy Trading 💹
#Ethereum #ETH #BinanceSquare #BinanceIndia
🚨 Ethereum Analysis 🚨
Ether is facing bearish trend on daily Timeframe. As weekly trend support ether there are possible entries as below :-
1. 1521 major support as price can take bounce above ( previous support ).
2. 1550 Price psychological number.
3. 1600 previous bearish trend breakout.
4. 1640 previous price resistance.
With possible Targets :-
1.1745 Previous price resistance.
2. 1825 previous swing or previous support.
3. 1860 This is major bearish trendline
Stoploss will be below support or weekly bullish trendling.
This is purely Analysis for ether also read chat before taking trade, we are not an financial person , please trade as per risk management.
Happy Trading 💹
#Ethereum #ETH #BinanceSquare #BinanceIndia
🚨 BREAKING 🚨
BINANCE WILL RETURN TO INDIA ACCORDING TO THE ECONOMIC TIMES.
BINANCE WILL PAY A $2 MILLION PENALTY, REGISTER AS AN ENTITY UNDER THE FINANCIAL INTELLIGENCE UNIT, AND COMPLY WITH APPLICABLE LAWS.
#bitcoinhalving #BinanceLaunchpool #BinanceIndia $BTC $BNB
BINANCE WILL RETURN TO INDIA ACCORDING TO THE ECONOMIC TIMES.
BINANCE WILL PAY A $2 MILLION PENALTY, REGISTER AS AN ENTITY UNDER THE FINANCIAL INTELLIGENCE UNIT, AND COMPLY WITH APPLICABLE LAWS.
#bitcoinhalving #BinanceLaunchpool #BinanceIndia $BTC $BNB
📌 BINANCE URL has been Unblocked in India.
App still remains unavailable on iOS & Android Stores.
#BinanceIndia #Binance #cryptopm #CryptoMarketMoves
App still remains unavailable on iOS & Android Stores.
#BinanceIndia #Binance #cryptopm #CryptoMarketMoves
🌟✨ Unveiling the Crypto Dilemma! 🚀💎 RBI Governor's caution sparks curiosity! 🤔💡 Is Crypto the game-changer for middle-class prosperity? 🌐💰 Join the conversation - the future unfolds here! 🌟🔗 #CryptoCuriosity #BinanceIndia #RBIInsights #IndiaTransforms #BitcoinJourney 🚀🔮
🌟 Major Milestone: #Binance Achieves Registration with India's Financial Intelligence Unit! 🇮🇳🔍
Great news for the crypto community in India! Binance has officially secured registration with India's Financial Intelligence Unit, marking a significant step towards regulatory compliance and enhanced operational transparency in one of the world's fastest-growing markets.
Stay tuned as this development opens new doors for secure and regulated crypto activities across India! 🚀💼
#CryptoNews #BinanceIndia #FinancialIntelligence #MbeyaconsciousComunity
Great news for the crypto community in India! Binance has officially secured registration with India's Financial Intelligence Unit, marking a significant step towards regulatory compliance and enhanced operational transparency in one of the world's fastest-growing markets.
Stay tuned as this development opens new doors for secure and regulated crypto activities across India! 🚀💼
#CryptoNews #BinanceIndia #FinancialIntelligence #MbeyaconsciousComunity
Binance is back in India! 🇮🇳 Now as a FIU-registered exchange after paying a $2M penalty.
#BinanceIndia #CryptoNews🚀🔥
Source: The Economic Times
#BinanceIndia #CryptoNews🚀🔥
Source: The Economic Times
🚨 Attention, Indian Crypto Traders! 🚨
Did you know that only 47 #crypto entities in India have obtained the FIU (Financial Intelligence Unit) license? This is a crucial step for ensuring compliance and security in your trading journey.
🔒 Why is this important?
Exchanges that are FIU registered adhere to strict government regulations, offering enhanced protection and peace of mind when it comes to your funds and personal information.
🟢 #Binance : The Only Global Exchange with FIU Registration in India! 🟢
This is your sign to stop using unregistered exchanges that could put your investments at risk. Binance, with its FIU license, ensures a high level of security and transparency, making it a safer place to trade.
🚨 My Recommendation: Move your funds to Binance today! Don't gamble with security—trade on a platform you can trust.
📈 Trading on Binance = Peace of Mind!
When you trade on Binance, you eliminate the stress of worrying about safety, compliance, and the future of your assets.
#FIURegistered #BinanceIndia
Did you know that only 47 #crypto entities in India have obtained the FIU (Financial Intelligence Unit) license? This is a crucial step for ensuring compliance and security in your trading journey.
🔒 Why is this important?
Exchanges that are FIU registered adhere to strict government regulations, offering enhanced protection and peace of mind when it comes to your funds and personal information.
🟢 #Binance : The Only Global Exchange with FIU Registration in India! 🟢
This is your sign to stop using unregistered exchanges that could put your investments at risk. Binance, with its FIU license, ensures a high level of security and transparency, making it a safer place to trade.
🚨 My Recommendation: Move your funds to Binance today! Don't gamble with security—trade on a platform you can trust.
📈 Trading on Binance = Peace of Mind!
When you trade on Binance, you eliminate the stress of worrying about safety, compliance, and the future of your assets.
#FIURegistered #BinanceIndia
#BinanceIndia #CryptoMarketMoves
🤝🎙️Super Meetup / Save the Date
Broadcast time: 11:28 UTC Aug 23rd
Watch live stream Binance Returns to India - Super Meetup on binance live https://www.binance.com/en/live/video?roomId=2216320&utm_campaign=binance_live
🤝🎙️Super Meetup / Save the Date
Broadcast time: 11:28 UTC Aug 23rd
Watch live stream Binance Returns to India - Super Meetup on binance live https://www.binance.com/en/live/video?roomId=2216320&utm_campaign=binance_live
🚀 Ultimate Guide to Crypto Trading in India! 🚀#
India’s crypto market is booming, and getting started with trading can be a game-changer. Here’s your step-by-step guide to navigating the exciting world of cryptocurrency trading, with Binance as your go-to platform.
How to Choose the Best Crypto Exchange
Security First: Binance offers top-notch security features like 2FA, biometric login, and passkeys to keep your assets safe.
Global Recognition: With over 200 million users worldwide, Binance is a trusted name in the crypto space.
Top Liquidity: Enjoy smooth transactions and minimal delays with Binance’s exceptional liquidity.
Regulation Compliance: Binance operates under India’s FIU regulations, ensuring a secure trading environment.
Getting Started on Binance
1. Open Your Account:
Download the Binance app from the Play Store or App Store.
Click “Register” and enter your email.
Create a strong, unique password.
Agree to the Binance Terms of Use and complete the captcha.
Verify your email and set up 2FA for added security.
2. Fund Your Account:
Tap [Wallets] - [Deposit] in the Binance app.
Choose the cryptocurrency (e.g., USDT) and select the correct deposit network.
Copy the deposit address or use the QR code for the transaction.
Confirm the deposit, and your funds will be credited shortly.
3. Start Trading:
Log in to the Binance app and navigate to [Trade] - [Spot].
Select a trading pair like BTC/USDC or BTC/USDT.
Choose between [Limit] or [Market] orders.
Enter your purchase details and tap [Buy BTC].
Choosing the Right Crypto
Technical Analysis: Analyze price charts and indicators to time your trades effectively.
Fundamental Analysis: Research the cryptocurrency’s use case, team, and market demand to make informed decisions.
Pro Tips
Avoid high-risk assets initially; focus on stable and reliable cryptocurrencies.
Combine technical and fundamental
#CryptoTrading #BinanceIndia #CryptoGuide #InvestSmart #TradeCrypto
$BTC
$ETH
$SOL
India’s crypto market is booming, and getting started with trading can be a game-changer. Here’s your step-by-step guide to navigating the exciting world of cryptocurrency trading, with Binance as your go-to platform.
How to Choose the Best Crypto Exchange
Security First: Binance offers top-notch security features like 2FA, biometric login, and passkeys to keep your assets safe.
Global Recognition: With over 200 million users worldwide, Binance is a trusted name in the crypto space.
Top Liquidity: Enjoy smooth transactions and minimal delays with Binance’s exceptional liquidity.
Regulation Compliance: Binance operates under India’s FIU regulations, ensuring a secure trading environment.
Getting Started on Binance
1. Open Your Account:
Download the Binance app from the Play Store or App Store.
Click “Register” and enter your email.
Create a strong, unique password.
Agree to the Binance Terms of Use and complete the captcha.
Verify your email and set up 2FA for added security.
2. Fund Your Account:
Tap [Wallets] - [Deposit] in the Binance app.
Choose the cryptocurrency (e.g., USDT) and select the correct deposit network.
Copy the deposit address or use the QR code for the transaction.
Confirm the deposit, and your funds will be credited shortly.
3. Start Trading:
Log in to the Binance app and navigate to [Trade] - [Spot].
Select a trading pair like BTC/USDC or BTC/USDT.
Choose between [Limit] or [Market] orders.
Enter your purchase details and tap [Buy BTC].
Choosing the Right Crypto
Technical Analysis: Analyze price charts and indicators to time your trades effectively.
Fundamental Analysis: Research the cryptocurrency’s use case, team, and market demand to make informed decisions.
Pro Tips
Avoid high-risk assets initially; focus on stable and reliable cryptocurrencies.
Combine technical and fundamental
#CryptoTrading #BinanceIndia #CryptoGuide #InvestSmart #TradeCrypto
$BTC
$ETH
$SOL
Binance is back in India 🇮🇳
✅Binance URL is back
✅Binance App is Back
Go download your binance apps now. ⬇️
#Binance #BinanceIndia #CryptoExchangeLicense #FIU_IND #FIU
✅Binance URL is back
✅Binance App is Back
Go download your binance apps now. ⬇️
#Binance #BinanceIndia #CryptoExchangeLicense #FIU_IND #FIU
"🚀 Elevate your crypto game with #Binance P2P! 🇮🇳✨ Join the millions in India who trust the best escrow platform for seamless crypto exchanges. 💼🤝 Enjoy years of secure and reliable transactions - Your funds are #Safu with Binance! 💰🌐 Don't miss out on the crypto revolution, trade confidently with Binance! 📈🔒 #CryptoIndia #BinanceP2P #BinanceIndia
🇮🇳 DGCI sends ₹722 Crore (approx $87 million) GST notice to Binance
◾️The Directorate General of GST Intelligence (DGGI) has issued a show cause notice to Binance for a GST payment of ₹722 crore (approx. $87M).
◾️This marks the first time the DGGI has issued such a notice to a cryptocurrency firm.
#Binance #DGGI #India #GST #BinanceIndia
◾️The Directorate General of GST Intelligence (DGGI) has issued a show cause notice to Binance for a GST payment of ₹722 crore (approx. $87M).
◾️This marks the first time the DGGI has issued such a notice to a cryptocurrency firm.
#Binance #DGGI #India #GST #BinanceIndia
Binance is Back With a Bang In India, Website Unblocked
In May, Binance has secured full registration with India's Financial Intelligence Unit (FIU) by paying a $2 million fine.
Binance, one of the world’s leading cryptocurrency exchanges, has made a strong comeback in India, as its website URL has been unblocked. Indian users can now access the Binance website without any hassle and start trading on the most active and trusted crypto exchange.
In February, Binance received a compliance show cause notice from the Indian Financial Intelligence Unit (FIU IND) following Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA). After that, several foreign cryptocurrency sites, including OKX, Kucoin, and Binance, have been deleted by Apple and Google from its App Store.
In May, Binance has secured full registration with India’s Financial Intelligence Unit (FIU) by paying a $2 million fine and revamping its South Asian operations.
The unblocking of Binance’s website is expected to reignite interest among Indian traders and investors, who had faced limited access to the platform. Binance’s return comes at a time when the Indian government and regulatory bodies are still navigating the complexities of cryptocurrency regulation. This development could signal a more favorable environment for crypto exchanges in India, although challenges remain.
This move could have a lasting impact on the Indian crypto landscape, potentially encouraging other platforms to re-evaluate their strategies in the country.
#BinanceGoesLiveInIndia #BinanceIndia #india #CryptoExchangeUpdate #BTC
Binance, one of the world’s leading cryptocurrency exchanges, has made a strong comeback in India, as its website URL has been unblocked. Indian users can now access the Binance website without any hassle and start trading on the most active and trusted crypto exchange.
In February, Binance received a compliance show cause notice from the Indian Financial Intelligence Unit (FIU IND) following Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA). After that, several foreign cryptocurrency sites, including OKX, Kucoin, and Binance, have been deleted by Apple and Google from its App Store.
In May, Binance has secured full registration with India’s Financial Intelligence Unit (FIU) by paying a $2 million fine and revamping its South Asian operations.
The unblocking of Binance’s website is expected to reignite interest among Indian traders and investors, who had faced limited access to the platform. Binance’s return comes at a time when the Indian government and regulatory bodies are still navigating the complexities of cryptocurrency regulation. This development could signal a more favorable environment for crypto exchanges in India, although challenges remain.
This move could have a lasting impact on the Indian crypto landscape, potentially encouraging other platforms to re-evaluate their strategies in the country.
#BinanceGoesLiveInIndia #BinanceIndia #india #CryptoExchangeUpdate #BTC
