đ´đ¨FIU imposes Rs 18.82 crore penalty on crypto exchange Binanceđ´đ¨
Global cryptocurrency exchange Binance has been fined Rs 18.82 crore, the highest ever on any crypto entity by the Financial Intelligence Unit of India (FIU-IND) for non-compliance to anti-money laundering laws.
Back in December 2023, the intelligence unit of the Finance Ministry, which is tasked with oversight of trade in virtual digital assets (VDA), had issued a show cause notice to Binance and eight other global exchanges for their operations in India without compliance with applicable laws.$BTC
