Binance expands in India with FIU-IND registration
Exciting news for the Binance community in India. Binance has officially registered with India's Financial Intelligence Unit (FIU-IND), marking our 19th regulatory achievement worldwide. This milestone underscores our unwavering commitment to anti-money laundering standards and enhancing user security.

With this registration, Binance is now fully accessible to Indian users, offering services tailored to meet your needs. India, ranked among the top 5 countries by transaction volume in Chainalysis' 2023 Global Crypto Adoption Index, is a key market for us. We're bringing our world-class compliance program to India, including robust AML policies and strong user protections.

Our Financial Crimes Compliance unit is here to assist law enforcement in investigating crypto-related crimes, reinforcing our commitment to stringent regulation as a core part of Binance's business strategy. As we continue to grow in India, we remain dedicated to compliance, user security, and the responsible evolution of digital assets.

#bitcoin #BTC #BinanceInIndia #binanceIndia #Fiu

**🇮🇳 India’s FIU Eyes Approval of Two More Foreign Crypto Exchanges by 2025 🌍**

**Crypto Adoption in India is Booming!** 📈 After Binance and KuCoin, two more offshore crypto exchanges might get approval to operate in India by **March 2025**, according to insider reports. 💼

India’s **Financial Intelligence Unit (FIU)** is reviewing applications from four foreign platforms. The names haven’t been revealed yet, but two are expected to get the green light after a strict review of compliance, including transaction visibility and suspicious transaction reporting.

Last year, the FIU cracked down on **9 foreign exchanges** for non-compliance with anti-money laundering regulations, blocking access to major platforms like Binance, Kraken, and Bitfinex. Now, the game is changing as exchanges seek to meet regulatory standards and return to the Indian market.

💡 **Why This Matters:**

- With over **$1 billion** in revenue generated by crypto in India last year, it’s no surprise global players want back in. 💸

- India has one of the **fastest-growing crypto economies** globally, with the highest adoption rate, according to Chainalysis.

🚨 **But the Road Ahead Isn’t Easy:**

- Exchanges will also need to comply with **India's Goods and Services Tax (GST)** regime, which could raise operating costs significantly.

- Binance faced an **$86 million** GST bill before the December 2023 ban.

🔍 Stay tuned as more exchanges may re-enter the booming Indian crypto market. 🚀

#CryptoNewss #IndiaCrypto #Binance #Fiu #Matic $QUICK

1. Binance registered with India's Financial Intelligence Unit (FIU-IND) as a reporting entity

2. This marks Binance's 19th regulatory achievement worldwide

3. Registration shows commitment to anti-money laundering (AML) standards and enhancing security

4. Binance now fully accessible to Indian users with services tailored to their needs

5. India ranked among top 5 countries by transaction volume in Chainalysis' 2023 Global Crypto Adoption Index

6. Binance aims to introduce its world-class compliance program, including AML policies and user protections

7. Financial Crimes Compliance (FCC) unit assists law enforcement in investigating crypto-related crimes ️‍♂️

8. Commitment to stringent regulation is a fundamental part of Binance's business strategy

Summary:

Binance has registered with India's Financial Intelligence Unit (FIU-IND), marking its 19th regulatory achievement worldwide and demonstrating commitment to anti-money laundering standards and user security. This registration allows Binance to offer services tailored to Indian users and contribute to the global evolution of digital assets. As Binance expands into the Indian market, it remains dedicated to compliance, user security, and responsible growth.

#bitcoin #BTC #BinanceInIndia #binanceIndia #Fiu